3i Infotech incorporates wholly-owned step-down subsidiary

13 Oct 2022 , 10:18 AM

3i Infotech Ltd has informed that a wholly-owned step-down subsidiary of the Company has been incorporated in India on October 12, 2022.

This subsidiary is a private company limited by shares called “Versares BPS Private Limited” and is a direct wholly-owned subsidiary of 3i Infotech Digital BPS Limited (formerly known as 3i Infotech BPO Limited), wholly-owned subsidiary of the Company based in India.

As per the regulatory filing, the main objective of incorporation is to carry on business process outsourcing activities.

At around 10:17 AM, 3i Infotech Ltd is currently trading at Rs42.55 per share up by Rs0.1 or 0.24% from its previous closing of Rs42.45 per share on the BSE.

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