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Zenith Infotech sued by bondholders over defaults

Zenith Infotech bondholders have sued the IT services provider over defaults of foreign currency convertible bonds (FCCBs) -- one for USD 33 million which was due on September 21, 2011, and a second tranche of USD 50 million, which was due for repayment or conversion in August 2012.

first published: Oct 24, 2011 02:16 pm

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