Zenith Infotech

Now a bailout fund to help companies redeem FCCBs

The government and the Reserve Bank of India are in discussions to create a fund to help redeem FCCBs. The RBI expects $4-5 billion FCCBs to come up for redemption this year.

Zenith's FCCB default: Is it a case of can't pay or won't pay?

Zenith Info seems to have cash on its balance-sheet, but it has still defaulted on its FCCBs. What gives?