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3i Infotech’s US Subsidiary Secures Additional Employee Retention Grant

Story Highlights
  • 3i Infotech offers IT services and solutions for banking and financial sectors.
  • The US subsidiary received an additional USD 2.26 million grant, boosting financial position.
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3i Infotech’s US Subsidiary Secures Additional Employee Retention Grant

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The latest announcement is out from 3i Infotech Limited ( (IN:3IINFOLTD) ).

3i Infotech Limited announced that its US subsidiary, 3i Infotech Inc., has received an additional grant of USD 2,260,973.87 under the Employee Retention Tax Credit Scheme, bringing the total grant entitlement to USD 4,405,790.74. This development is significant for the company as it enhances its financial position and supports its employee retention efforts, potentially strengthening its market position and stakeholder confidence.

More about 3i Infotech Limited

3i Infotech Limited operates within the information technology industry, offering a range of IT services and solutions. The company focuses on providing software products, IT services, and business process outsourcing for various sectors, including banking, insurance, and financial services.

Average Trading Volume: 80,196

Technical Sentiment Signal: Sell

Current Market Cap: 3.97B INR

For an in-depth examination of 3IINFOLTD stock, go to TipRanks’ Overview page.

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