3I Infotech has informed that 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.
The above information is a part of company’s filings submitted to BSE.
