3i Infotech Limited — Important, 29-01-2025: General Updates

3i Infotech has executed an Investment Agreement to dilute its stake in NuRe MediaTech Private Limited to 51% following the issuance of fresh equity shares and compulsorily convertible preference shares (CCPS) to an Investor Group. The total value of this transaction is Rs. 17.5 crore. Post-conversion of the CCPS, NuRe MediaTech and its step-down subsidiary, NuRe Bharat Network Limited, will transition from wholly-owned subsidiaries to regular subsidiaries of 3i Infotech. This strategic move could enhance financial flexibility and attract new investments. Shareholders should observe this development closely for potential implications on the company's operational structure and future growth prospects.