3I Infotech Surges As It Prepays Outstanding Loan Amount – Shares of the Mumbai-based IT services company rose as much as 4.7 percent to Rs 4.87 after it prepaid Rs 39 crore of outstanding debt, the company said in an exchange filing.
The amount represents six 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, the exchange filing added.
