Zenith Infotech may issue up to $60 million in convertibles

By Devika Patel

Knoxville, Tenn., Aug. 31 - Zenith Infotech Ltd. notified the Bombay Stock Exchange that it plans to raise up to $60 million in convertibles.

The company approved the proposal at an annual general meeting on Aug. 10.

Securities may include American Depositary Receipts, Global Depositary Receipts and convertible bonds.

Mumbai, India-based Zenith Infotech is a managed services infrastructure company.

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