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3i Infotech in talks to sell IMS unit to SIFL for Rs300 crore
Mid-sized domestic information technology (IT) services company 3i Infotech Ltd is in advanced talks to sell its IT infrastructure management services (IMS) division to Kolkata-based Srei Infrastructure Finance Ltd (SIFL) in a deal valued at Rs300 crore, two people aware of the discussions told Mint. The Kanoria Foundation, a trust entity founded by SIFL promoters also owns Xenolith Technologies Pvt Ltd, a software services company. An email sent to 3i Infotech remained unanswered till the time of going to press.
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