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3i Infotech completes sale of software product biz of its subsidiary in Saudi Arabia

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3i Infotech announced that the company on 12 November 2021, upon receipt of regulatory approvals, completed the sale of the software product business of its subsidiary in Saudi Arabia on a going concern basis to Azentio Software (and its affiliates) ('Buyer'), pursuant to inter alia the business transfer agreement dated 28 December 2020 executed between the Company and the Buyer.

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First Published: Nov 13 2021 | 11:18 AM IST

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