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.