3i Infotech Ltd has allotted 15.39 lakh equity shares to Swiss Finance Corporation in lieu of foreign currency convertible bonds.
According to information available with the exchanges, the company received a conversion notice in respect of FCCBs, which are due for redemption in 2017.
The FCCBs, which are a part of the five per cent convertible bonds due 2017, are valued at $125.356 million ($125,356,000) and listed on Singapore Stock Exchange on April 26.