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ROLTA DEBT
Rolta India’s Rs 616 crore NPA declared as fraud by Bank of IndiaBank of India declared its Rs 616.30 crore exposure to Rolta India Ltd. as fraud, having fully provisioned the amount. Rolta, an IT solutio...- Ashdan properties leads race to acquire Rolta IndiaAshdan made a ₹850-crore cash offer to creditors, beating bids by Patanjali and MGN, following which the committee of creditors (CoC) decid...
- Patanjali's late bid for Rolta spurs more to join the raceWelspun Group's MGN Agro Properties and Mumbai-based B-Right Real Estate have successfully petitioned the NCLT to also submit bids. In fact...
- NCLT allows rebids in Rolta, opens door for PatanjaliPatanjali had pleaded with the NCLT to consider its offer late last month. Rolta is a defence focussed software company which was admitted ...
- Patanjali enters race with all-cash offer of ₹830 crore to acquire Rolta IndiaPatanjali Ayurved has made a late bid to acquire debt-laden Rolta India with an all-cash offer of approximately ₹830 crore. This bid comes ...
- Pune realtor Ashdan's bid tops 8 offers for debt of Rolta IndiaPune-based real estate developer Ashdan Properties emerges as the highest bidder to take over the ₹14,000 crore debt of Rolta India with a ...
- Jai Corp's Virendra Jain makes highest bid for Rolta IndiaThe company received nine bids mostly ranging between ₹500 crore and ₹700 crore to settle the total debt of the company which amounts to ₹1...
- Rolta India unit lands in bankruptcy court"We are of the considered view that the operational creditor has been able to establish the existence of an operational debt and its defaul...
- Rashmi Metaliks submits resolution plan for RoltaSecured creditors have an exposure of ₹7,086 crore to Rolta. The lenders are scheduled to meet on Wednesday to evaluate the Rashmi offer. T...
- A dozen foreign and local entities express interest in Rolta insolvencyThe resolution professional, Mamta Binani, received 12 expressions of interest (EoI) which included eight companies, one Singapore-based fu...
- NARCL gives binding offer of Rs 600 crore for Rolta's local debtPromoted by Kamal Singh, Rolta India has an outstanding due of ₹5,712 crore with banks and senior notes (overseas borrowings) of ₹3,382 cro...
- NCLT dismisses insolvency resolution withdrawal application of Rolta India promotersOne of Rolta India’s employees had filed a petition under CIRP at the Mumbai bench of the National Company Law Tribunal (NCLT) after the co...
- Weak rupee to raise leverage level of a dozen firmsThe rupee has continued to fall in recent times amid investors' flight to safe haven dollar, given the persisting weakness in global emergi...
- Software services firm Rolta shares slump 12% on adverse reportShares of software services firm Rolta India dived 12% after California-based short-seller Glaucus Research Group came out with a scathing ...
- Rolta raises over Rs 1,810 crore; looks to refinance debtRolta said it has raised the amount from international markets through the 8.875% senior notes (a type of bond) issued by the overseas subs...
- Rolta Promoter to raise stake to 51 per centPromoter holding has been consistently rising from about 40% in June 2006. Singh’s reason for raising his stake is two-fold.
- Rolta raises $200 million in overseas bond saleRolta said its fully-owned subsidiary Rolta LLC raised $200 million through a foreign bond sale at 10.75% coupon to refinance existing debt.
- IT services provider Rolta India to raise $250 million in SingaporeRolta India, a Mumbai based IT services provider, is on a road show in Singapore to raise Rs.1100 crore by selling bonds denominated in Sin...
- Rolta promoters revoke pledge on some sharesAbout 11% of the promoter holding, or nearly 75 lakh shares, are pledged, according to the company's latest filing with the stock exchanges.
- Rolta financials in good shape, says coThe Satyam shenanigans just refuse to die down on Dalal Street. In the midst of all this, the Red Herring on Rolta threw the stock into a t...
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