Rolta India shines as its arm raises $200 million in international market

10 May 2013

Rolta India is currently trading at Rs. 60.15, up by 0.40 points or 0.67% from its previous closing of Rs. 59.75 on the BSE.

The scrip opened at Rs. 60.50 and has touched a high and low of Rs. 61.00 and Rs. 59.95 respectively. So far 73629 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 83.10 on 06-Jul-2012 and a 52 week low of Rs. 58.85 on 20-Nov-2012.

Last one week high and low of the scrip stood at Rs. 62.90 and Rs. 59.50 respectively. The current market cap of the company is Rs. 972.81 crore.

The promoters holding in the company stood at 46.25% while Institutions and Non-Institutions held 24.73% and 27.74% respectively.

Rolta India’s wholly owned subsidiary - Rolta, LLC has raised $200 million after successfully concluding pricing of 10.75% Senior Notes in the international market. This offering was oversubscribed by 2 times, with demand from a high quality investor base (over 70 accounts globally) split among asset managers (72%), banks (10%), and retail accounts (18%). The offering was well-subscribed across geographies, with Asia contributing to 47% of the demand, and US contributing to 43% of the demand, European investors accounted for 10% of demand.

The Notes have tenure of 5 years and are guaranteed by Rolta and its subsidiaries, Rolta International, Inc., Rolta Middle East FZ-LLC, and Rolta UK. The Notes have been rated as BB- (S&P) and BB- (EXP) (Fitch). The proceeds from the Notes will be used for refinancing existing debt, to meet working capital requirements and for general corporate purposes. The Notes will be listed on the Singapore Exchange Securities Trading (SGX-ST).

Barclays, Citigroup, DBS and Deutsche Bank acted as the Joint Lead Managers to the Notes offering. DLA Piper and Davis Polk were US counsels to Rolta and to the Joint Lead Managers, respectively, while AZB and Trilegal advised Rolta and the Joint Lead Managers, respectively, on matters of Indian Law.

Related Rolta India Ltd. Links:

Rolta India Share Price

4.07 -0.07 (-1.69%) Mar 05, 18:59
1 Year Price Chart
Company Name CMP
TCS 3007.00
Infosys 1316.00
HCL Tech. 941.30
Wipro 420.40
Tech Mahindra 959.50
View more..
Sensex vs Rolta India
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323