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Rolta India
further repurchases FCCB's worth US$15mn
further repurchases FCCB's worth US$15mn
Shares of Rolta India have gained by 1.2% to Rs192. The company announced that it has further repurchased US$15mn of the outstanding Foreign Currency Convertible Bonds's (FCCB's), of the original issue of Zero Coupon FCCBs of US$150mn due in 2012.
The Bonds of the accreted value of US$17.8mn have been repurchased at a discount of 15.25% resulting in a gain of US$2.8mn (approx. Rs130mn).
The scrip opened at Rs191 it touched an intra-day high of Rs193 and a low of Rs189 and has recorded volumes of over 1.1mn shares on NSE.
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