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Tuesday, May 24, 2005

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Jet Airways to pre-pay IDFC debt

Our Bureau

Mumbai , May 23

JET Airways India Ltd has informed the Bombay Stock Exchange that Infrastructure Development Finance Company (IDFC) has agreed to accept prepayment of its subordinated debt assistance to the company. Following this agreement the company has remitted Rs 223.9 crore towards part-prepayment.

The company has also informed that the balance amount outstanding in this debt would be paid on or before May 31, 2005.

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