Why did 3i Infotech fail?
The Mumbai-based firm, which had a product background, binged on foreign currency convertible bonds to make several acquisitions in the services space over the past decade. The strategy, however, backfired. 3i failed to integrate the acqusitions and is now struggling to pay off its creditors.
Is 3i Infotech going to be delisted?
The stock of 3i Infotech is taking an interesting turn! In the last 3 days, if you have noticed then, the upper circuit of this stock is showing a freezing sign. After 30th August 2021, which means after 27th August market closing, this stock will get delisted.
What has happened to 3i Infotech?
In December 2020, 3i sold its global software products business for Rs 1,000 crore. The sale helped the company repay debt of Rs 820 crore and left it with Rs 150 crore in cash to chalk its revival. In its new avatar, with the products business sold off 3i plans to focus on the $180 billion IT services industry.
What is the status of 3I Infotech?
3i Infotech share price analysis | ETMarkets….3i Infotech Share Price Returns.
| 1 Day | -0.72% |
|---|---|
| 1 Week | -0.83% |
| 1 Month | -13.32% |
| 3 Months | -33.04% |
| 1 Year | 316.5% |
Is 3I Infotech debt free?
The growth-oriented and now debt-free company, 3i Infotech aims to become a one-stop digital transformation resource for its global clientele, with a customer-first approach and a human-centric outlook in a new decade of 5G data and technology.
Can 3i Infotech become multibagger?
3i Infotech is one such multibagger penny stock that has given 1200 per cent return in last 3 months. As per the share price history of this multibagger penny stock, it has surged 21.50 per cent last week hitting 5 per cent upper circuit on all 5 trade sessions on NSE.
Is 3I Infotech a good buy for long term?
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of 3I Infotech Ltd is likely to Fall in the short term.
Is 3I Infotech part of Icici?
3i Infotech was a wholly owned subsidiary of ICICI/ICICI Bank until ICICI divested the majority of the shares in March 2002, at which point the company ceased to be a subsidiary of ICICI.
Why 3i Infotech for intrapreneurship?
At 3i Infotech, you are not just employed. You are engaged in the business of charting your destiny, reaching for the stars, and chasing audacious visions. That’s what an Intrapreneur does; dreams big and does what it takes to make every dream a reality. Here, you set standards. You lead, and the industry looks up to you.
What does it take to work at 3i?
Making and managing investments is just one of these. We look for those who are not just good but are outstanding. To work at 3i, you will need an international mindset, the ability to thrive in a multidisciplinary and challenging environment, and a highly-focused and ambitious approach.
What is the referral bonus for 3i Infotech?
Should the candidate accept employment with 3i Infotech, Inc., the referring employee will be eligible to receive an award of $1,000.00 for the successful referral.