3i Infotech Limited has informed the Exchange about General Updates
3IINFOLTD · price
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Awaiting price reaction for this filing.
3i Infotech has applied to BSE and NSE on August 5, 2025, seeking approval to re-classify ICICI Strategic Investment Fund, currently part of the Promoter Group, into the Public category under Regulation 31A of SEBI Listing Regulations. This follows the company's earlier letter dated July 31, 2025, regarding promoter re-classification. The move is subject to receiving necessary permissions and approvals from the stock exchanges and other authorities. If approved, the promoter group shareholding of the company will reduce while the public shareholding will correspondingly increase.
This re-classification, once approved, will lower the effective promoter shareholding of 3i Infotech and raise the public float, which may influence compliance with minimum public shareholding norms and alter perceptions of promoter control. The stock price impact is likely to be limited unless the reclassified entity holds a significant stake.