Rolta India said on 22 June it has raised $150 million (Rs600 crore) through the issue of foreign currency convertible bonds (FCCBs) in international markets.
The company would issue 1,500 FCCBs of $1,00,000 each. The FCCBs are expected to be listed in Singapore, the company informed the Bombay Stock Exchange.
Conversion price for the FCCBs is Rs737.40 per share, which is at a premium of 50% over the 21 June closing of the company’s share on National Stock Exchange.The company has entered into subscription agreement with the arrangers and bookrunners, Lehman Brothers International (Europe).Shares of the company were trading at Rs474.40, down 3.54% on BSE in early morning trade.
Read more in The Livemint article.
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