Deals1 Apr 2025, 02:20 am
3i Infotech Ltd Completes Stake Dilution in NuRe MediaTech Limited
AI Summary
3i Infotech Ltd has completed the transaction of stake sale in NuRe MediaTech Limited on March 31, 2025. This move has resulted in NuRe MediaTech Limited and NuRe Bharat Network Limited becoming subsidiaries of the company, replacing their previous status as wholly owned subsidiary and wholly owned step-down subsidiary, respectively.
Key Highlights
- 3i Infotech Ltd has completed the stake sale transaction in NuRe MediaTech Limited
- NuRe MediaTech Limited and NuRe Bharat Network Limited have become subsidiaries of 3i Infotech Ltd
- This deal has led to the cessation of NuRe MediaTech Limited and NuRe Bharat Network Limited as wholly owned subsidiary and wholly owned step-down subsidiary, respectively