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Rolta India climbs after raising funds from overseas bonds
Source: IRIS | 18 Jul, 2014, 11.05AM
Rating: NAN / 5 stars.
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Rolta India shares jumped on Friday after the company 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%).

Shares of the company are trading at Rs 110.80, up Rs 4.5, or 4.23% at the Bombay Stock Exchange (BSE) on Friday at 11 a.m.

The scrip has touched an intra-day high of Rs 111.40 and low of Rs 106.20. The total volume of shares traded at the BSE is 426,140.

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