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.
