Rolta India redeems FCCB worth $ 134.7 mn

NEW DELHI: IT firm Rolta India has redeemed its outstanding Foreign Currency Convertible Bonds ( FCCBs), aggregating $ 134.7 million (about Rs 765.40 crore).

This includes a redemption premium of $ 38 million on the due date and after this, there are no FCCBs outstanding, Rolta said in a statement today.

The company has made the payment today to Principal Agent of FCCBs - Deutsche Bank AG, London Branch, it added.

"We are very pleased to announce full payment of outstanding FCCBs before the maturity date. This underlines the confidence of the financial community/banks in our company and its strong business model amid uncertain times and volatile foreign exchange environment," Rolta India Chairman and Managing Director K K Singh said.