3i Infotech has allotted about 1.35 crore equity shares of ₹10 each on preferential basis to SREI Equipment Finance on April 19, upon their accession to the Supplemental MRA on March 2, 2017. This allotment is in relation to the Supplemental Master Restructuring Agreement entered on June 29, 2016 to the Master Restructuring Agreement of March 30, 2012. The allotment is subject to the lock-in requirements as stated in SEBI regulations, the company said in a statement to the stock exchanges. The stock on Wednesday closed at ₹5.75, a gain of 4.7 per cent on the NSE.

RPP Infra Projects has informed the exchanges that it has bagged orders from the Power Grid Company of Bangladesh. A consortium of Siemens and RPP Infra has won the orders for design, supply, erection, testing and commissioning of 230 KV and 132 KV substations on turnkey basis. The scope of RPP Infra will be civil works worth ₹97 crore, the company said in a statement to the stock exchanges. The stock gained 1.77 per cent at ₹282.15 on the NSE.

Phoenix Mills on Wednesday informed the exchanges that 29,68,592 compulsorily convertible preference shares (CCPS) Series ‘B’ of face value ₹10 each were allotted to it by its subsidiary Island Star Mall Developers Pvt Ltd (ISMDPL) on April 18. Subsequent to the allotment, there is no change in the equity share capital of the company and ISMDPL continues to remain a subsidiary of the company, Phoenix Mills said in the notification. Shares of Phoenix Mills slipped 1.77 per cent at ₹393.20 on the NSE.

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