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| Exchange Received Time 21/03/2018 12:22:34 Exchange Disseminated Time 21/03/2018 12:22:36 Time Taken 00:00:02 | We wish to inform that 3i Infotech Limited ('the Company') has prepaid Rs 39 Crores 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.
Pursuant to the Code of Conduct for Prevention of Insider Trading in the shares of the Company, the Trading Window for dealing in the Shares of the Company was closed for all employees and Directors as defined in the Code of the Company from March 20, 2018 to March 23, 2018 and the same will be opened at the beginning of the trading hours on March 26, 2018.
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