Zenith Infotech touched a 52-week low of Rs 93.20. At 10:41 hrs the share was quoting at Rs 93.20, down Rs 10.35, or 10%.
The company has defaulted on USD 33 million FCCB payments. The FCCB holders were payable on September 21, reports CNBC-TV18, quoting sources.
The company's bondholders may take Zenith to court on default. The bondholders are questioning recent PE investment in Zenith
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