Rolta India has redeemed the outstanding Foreign Currency Convertible Bonds (FCCBs), aggregating $134.7 Million including redemption premium of $38 Million on the due date. After this redemption there are no FCCB's outstanding. The Company had made the payment to Principal Agent of FCCBs - Deutsche Bank AG, London Branch on Jun 28, 2012.
Further, the paid up capital of the Company will remain unchanged post redemption of these FCCBs. Accordingly, company will not be required to allot 16,578,519 equity shares of Rs, 10 each which otherwise could have arisen out of the potential conversion of the said FCCBs.
Rolta is a leading provider of innovative IT solutions for many vertical segments including utilities, governments, transportation, process, power, banking and insurance.
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