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3i Infotech informs about board meeting

04 Dec 2015 Evaluate

3i Infotech has informed that a meeting of the Board of Directors of the Company will be held on December 07, 2015, to discuss and approve a proposal for the realignment of its debt with the lenders / lessors in India and Foreign Currency Convertible Bondholders (FCCBs). Such realignment of debt may include, among others, conversion of a portion of debt into equity / redeemable preference shares and restructuring of a portion of debt to provide for elongated repayment schedule and revised interest rate. Any debt realignment proposal shall remain subject to approval from, among others, the lenders / lessors in India and FCCB holders as well as relevant shareholder and regulatory authorities.

The above information is a part of company’s filings submitted to BSE.

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Company Name CMP
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