3i Infotech adjusts conversion price on $2.44 million 2.5% notes due 2025

By William Gullotti

Buffalo, N.Y., Aug. 10 – 3i Infotech Ltd. adjusted the conversion price of the remaining $2,435,000 outstanding 2.5% convertible bonds due 2025, according to a notice Tuesday.

The adjustment, effective Aug. 31, is due to a 10-to-1 share consolidation by the company. The conversion price will be adjusted to Rs. 1,659.35 from Rs. 165.935.

3i Infotech is a Mumbai, India-based provider of software and information technology solutions.

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