Rolta India cancels FCCBs worth US$ 38310000

Rolta India Ltd has announced that the Company confirms that settlement of the tender offer took place on June 30, 2009 when the Company purchased US$ 38,310,000 in principal amount of Bonds at a Clearing Price of 85.5 per cent. The Gross Repurchase Amount was therefore US$ 855 for each US$ 1,000 of Bonds and the Company paid a total of US$ 32,755,050 in respect of the Bonds purchased.

The Bonds purchased by the Company, in an aggregate principal amount of US$ 38,310,0O0 have been cancelled. The aggregate principal amount of Bonds outstanding is US$ 111,690,000.

Source : Equity Bulls

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