Rolta India, a leading provider of information technology consulting, solutions and services, today announced the successful pricing of 8.875% senior notes in the international markets, aggregating to USD 300 million by its wholly owned subsidiary, Rolta Americas LLC.
This offering was oversubscribed by more than 8 times with order book of over USD 2.4 billion with demand from a high quality investor base (over 200 accounts globally), split among asset managers (79%), banks (12%) and others (9%).
The offering was well-subscribed across geographies, with Asia contributing to 47% of the demand, US contributing to 35% of the demand and European investors accounted for 18% of demand.
Shares of the company gained Rs 4.35, or 4.09%, to trade at Rs 110.65. The total volume of shares traded was 378,261 at the BSE (10.15 a.m., Friday).