Rolta's Promoters Increase Holding to Over 50%

MUMBAI, November 7, 2013 /PRNewswire/ --

Rolta India Limited today announced that its Promoters have increased their share holding in the Company from around 40% to over 50% through creeping acquisitions over the last three years. 

Rolta India conducts business in India, and internationally through subsidiaries in various countries.  Rolta is a leading provider of innovative IT solutions built around its intellectual property for many vertical segments, including Federal and State Governments, Defence, Homeland Security, Utilities, Process, Power, Financial Services, Manufacturing, Retail, and Healthcare.  The increased holding places Rolta in compliance with Indian Defence manufacturing/procurement guidelines that mandate that bidders have more than 50% holding in the hands of Indian promoters.  

The Promoters continue to increase their holdings further through creeping acquisitions in line with SEBI guidelines.  This is evidence of the confidence of the Promoters in the business model of the Company, the superiority of its offerings, and the growth potential of the Company.

About Rolta: : Rolta is a leading provider of innovative IT solutions for many vertical segments, including Federal and State Governments, Defense/HLS, Utilities, Process, Power, Financial Services, Manufacturing, Retail, and Healthcare.  By uniquely combining its expertise in the IT, Engineering and Geospatial domains, Rolta develops exceptional solutions for these segments. The Company leverages its industry-specific know-how, rich repository of intellectual property that spans photogrammetry, image processing, geospatial applications, business intelligence, analytics, field-proven solution frameworks, and deep expertise in cutting-edge technologies like Geo BI, Cloud computing, Software Defined Infrastructure and Big Data for providing sophisticated enterprise-level integrated solutions.  Rolta is a multinational organization headquartered in India.  The Company operates from 40 locations worldwide through its subsidiaries, and has executed projects in over 45 countries.  The Company benchmarks its quality processes to the world's best standards, like successful assessment for Software Application Development and Maintenance at the highest Level 5 of SEI's CMMI® version 1.3.  Rolta is listed on the Bombay Stock Exchange & National Stock Exchange, and forms part of various indices on BSE/NSE in India.  The Company's GDRs are listed on the Main Board of London Stock Exchange.  The Company's 'Senior Notes' are listed on Singapore Stock Exchange.

or additional information please visit www.rolta.com

Primary Media Contact : Hiranya Ashar, Director Finance and CFO, Member of the Board, [email protected], 91-22-29266666

Secondary Media Contact : A. P. Singh, Principal Advisor, Member of the Board, [email protected], 91-22-29266666