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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.

    • Zenith Infotech defaults on $33m FCCB payment: Sources

      Yet another case of an Indian firm defaulting on the FCCB payments. Zenith Infotech, which recently got a private equity investor in its spun off division, has defaulted on their USD 33mn FCCB payments, reports CNBC-TV18's Archana Shukla quoting sources.

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