3i Infotech has prepaid Rs 39 crore of its Principal Outstanding Debt. This amount represents 6 monthly installments of the Principal Outstanding Debt which were due for repayment from January 31, 2019 to June 30, 2019 as per the terms of the Debt Realignment Scheme (DRS) approved by its Lenders.
With this pre-payment, the company has now prepaid 15 months of Principal Debt to its Lenders, which represents 20.83% of its Outstanding Debt to 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.
3i Infotech is a global Information Technology company providing software products, IT services and Business Process Outsourcing for a variety of industry verticals including Insurance, Banking, Capital Markets, Mutual Funds & Asset Management etc. These solutions and services include Managed IT Services, Application Software Development & Maintenance, Payment solutions, Business Intelligence etc.
