Debt realignment to keep 3i Infotech in focus

3i Infotech has informed the BSE that a meeting of its Board of directors will be held on December 7, to discuss approval for a plan for realignment of its debts with lenders/ lessors and Foreign Currency Convertible Bonds (FCCBs). This may include conversion of a part of the debt into equity/ redeemable preference shares and revamp of a part of the debt to provide for an elongated repayment schedule and revised interest rate. The proposal is subject to approval from all concerned parties.