Showing posts with label Rolta India. Show all posts
Showing posts with label Rolta India. Show all posts
Friday, March 7, 2008
FMR, FIL up stake in Rolta India
Engineering and geospatial services firm Rolta India Ltd said on Friday FMR LLC and FIL Ltd, along with their subsidiaries, have acquired a further 0.13 percent stake in the company to raise their total holdings in the company to 5.04 percent.
Friday, July 6, 2007
Rolta buys Canada-based Orion Technology
Mumbai-based Rolta today announced the signing of an agreement to acquire Orion Technology, a Canadian software and integration company specialising in enterprise web-GIS (geographical information systems) solutions.
While the deal size was not disclosed, Rolta expects to generate around $100 million (around Rs 410 crore) over the next three to five years by integrating the acquired technologies.
K K Singh, chairman and CEO of the Rolta group, said: "With this acquisition, we have significantly expanded our capabilities to provide state-of-the-art products and services. We will now be able to provide unique solutions that offer high returns on customers' investments in GIS. This intellectual property also gives us an exceptional platform to develop new solutions for a clientele well beyond the segments traditionally served by Rolta and Orion, such as for mobile applications".
Read more in The Business Standard article.
While the deal size was not disclosed, Rolta expects to generate around $100 million (around Rs 410 crore) over the next three to five years by integrating the acquired technologies.
K K Singh, chairman and CEO of the Rolta group, said: "With this acquisition, we have significantly expanded our capabilities to provide state-of-the-art products and services. We will now be able to provide unique solutions that offer high returns on customers' investments in GIS. This intellectual property also gives us an exceptional platform to develop new solutions for a clientele well beyond the segments traditionally served by Rolta and Orion, such as for mobile applications".
Read more in The Business Standard article.
Friday, June 22, 2007
Rolta India raises $150 mn in global market
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.
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.
Subscribe to:
Posts (Atom)
