Rolta India has decided to accept the offer received from the Streamcast Group for subscribing to certain securities of Rolta BI & Big Data Analytics, a wholly owned subsidiary (WOS) of the company by making an investment of approximately Rs 5,500 crore in consideration for certain undertakings being transferred by the Company to its WOS on slump sale basis as a going concern. The Board of Directors of the Company at its meeting held on May 11, 2019 has approved the same.
Rolta India is engaged in providing IT-based solutions in areas of geospatial, engineering design and Defence and homeland security. The company is engaged in developing interactive media and games.
