Zenith Infotech Inc. stock fell hard to its all time low of 28 cents per share. It is down more than 2,000 percent from its all-time trading high of 5.88. The cloud service provider has had numerous legal problems and faces more trouble from The Securities and Exchange Board of India.
The SEBI has ordered the company to post 34 million in securities in 30 days. Zenith is working to smooth things over as they have tried to settle with their creditors but to no avail.
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Zenith Infotech Stock Value Plummets