General Announcement::Pre- Payment of debt of Rs. 19.50 Crores

Issuer & Securities

Issuer/ Manager
3I INFOTECH LIMITED
Securities
3IINFOTECH US$2.435MCB170726 - XS0308551166 - 3JDB
3IINFOTECUS$125.356M5%CB170426 - XS0769181982 - 2CCB
3IINFOTEUSD16.323M2.5%CB250331 - XS1423751418 - 66DB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
27-Dec-2017 19:02:08
Status
New
Announcement Sub Title
Pre- Payment of debt of Rs. 19.50 Crores
Announcement Reference
SG171227OTHR70D8
Submitted By (Co./ Ind. Name)
3i Infotech Limited
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
We wish to inform that 3i Infotech Limited the Company has pre-paid Rs. 19.50 crores of its Principal Outstanding Debt.

This amount represents 3 monthly installments of the Principal Amount which were due for repayment on October 31, November 30 and December 31, 2018 as per the terms of the Debt Realignment Scheme DRS approved by its Lenders.

With this pre-payment, the Company has now prepaid 9 months of Principal Debt to its Lenders.

The Company continues to service its lenders on a regular basis from the effective date of implementation of DRS i.e. April 1, 2016.

Attachments

sgx769.pdf
Total size =133K