Rolta slips after raising funds

DALAL STREET SPIKES

Rolta India fell 5.37 per cent to Rs 465.40 after it raised over Rs 600 crore through a convertible bond issue. Rolta India had issued 1,500 foreign currency convertible bonds (FCCBs) of $1,00,000 each aggregating to $150 million.

The bonds will be listed on the Singapore Stock Exchange. The conversion price for the FCCBs is Rs 737.40 a share, at 50 per cent premium over Thursday's closing price of Rs 491.80 a share.