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US arm sale to reduce EPS by Re 1 in FY12: 3i Infotech

3i Infotech has sold its billing and payments based US subsidiary, Regulus GRP and J&P Software, to global private equity player Cerebrus Capital. V Srinivasan, 3i Infotech says, stake sale will reduce earnings per share (EPS) by Re 1 in FY12.

May 16, 2011 / 22:19 IST
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3i Infotech has sold its billing and payments based US subsidiary, Regulus GRP and J&P Software, to global private equity player Cerebrus Capital for USD 137 million in an all cash deal.

In an interview with CNBC-TV18
TAGS: #3i Infotech #Business #Cerebrus Capital #Regulus GRP and J&P Software #V Srinivasan
first published: May 16, 2011 04:47 pm

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