IT FIRM ROLTA INDIA GETS SHAREHOLDERS NOD FOR RAISING US$250 MLN

Posted on: Wed, 25 Nov 2009 05:36:00 EST


Symbols: RLTAF
MUMBAI, Nov 25, 2009 (AsiaPulse via COMTEX) --
RLTAF | Quote | Chart | News | PowerRating -- IT firm Rolta India today said
it has received shareholders approval for raising funds up to
Rs 1,160 crore (US$250.53 million) from domestic or
international markets.

The members, at the annual general meeting (AGM) of the
company held held today, passed the resolution regarding issue
of equity linked foreign or Indian securities up to US$250
million, Rolta India said in a filing to BSE.

The tools for raising fund include issue of equity linked
foreign or Indian securities like FCCBs, ADRs, GDRs, QIPs,
warrants and private placements, it said.

Shares of Rolta India today closed at Rs 175.90, up 1.15 per
cent from its previous close on the BSE.

(PTI)maz

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