IT firm Rolta India today said it will raise $250 million (about Rs 1,169 crore) through issue of securities in the domestic and international markets.
The company today posted a over two-fold jump in its consolidated net profit at Rs 56.12 crore for the first quarter ended September 30, 2009.
The board of directors of the company has approved the proposal to raise funds up to $250 million from domestic or international market through instruments like depository receipts, foreign currency convertible bonds or private placement of share to institutional investors, Rolta said in a filing to the Bombay Stock Exchange.
The company's total income rose to Rs 350.49 crore during the September quarter, from Rs 346.14 crore in the same period last fiscal.
Shares of Rolta were trading at Rs 186.65, down 3.04 per cent in the afternoon trade on the BSE.