Rolta repurchases $15.00 Million worth FCCBs

Rolta India Ltd has announced that the COmpany has further repurchased US $ 15.0 Million of the outstanding Foreign Currency Convertible Bonds's (FCCB's), of the original issue of Zero Coupon FCCBs of US $ 150 Million due in 2012. The Boands of the accreted value of US $ 17.8 Million have been repurchased at a discount of 15.25% resulting in a gain of US $ 2.80 Million (approx. Rs 13.00 crores).

The stock was trading at Rs.190.30, down by Rs.0.15 or 0.08%. The stock hit an intraday high of Rs.193.60 and low of Rs.189.

The total traded quantity was 790624 compared to 2 week average of 699667.

Source : Equity Bulls

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