Rolta India

Stocks to Watch: RIL, SpiceJet, Rolta, Jindal Steel, banks, airline stocks

Rate sensitive shares are likely to be in focus owing to the RBI policy meet outcome

NCLT starts insolvency proceedings against Rolta India, appoints EY as RP

The National Company Law Tribunal (NCLT) has directed to initiate insolvency proceedings against IT firm Rolta India Ltd. A two-member Mumbai bench of the tribunal admitted the plea of -- Value Partner Greater China High Yield Income Fund and Pinpoint Multi-Strategy Fund -- claiming a default of around Rs 1,060 crore. The NCLT has also appointed Shailendra Ajmera of the consultancy firm E&Y as the interim professional of the company to complete the Corporate Insolvency Resolution Process. "The debts and default of the corporate debtor (Rolta) have been established and the appliacation deserves to be admitted," said the NCLT. The tribunal has also declared moratorium, prohibiting the lenders of the company to recover any amount the period. Rolta India, the parent company of Rolta LLC and Rolta Americas LLC, had given corporate guarantee for these step down firm, who were the principal borrowers. However, the principal borrowers failed to meet their payment obligations, following .

Rolta India offers to restructure debt of $1 billion

The rejig announcement helped the stock jump Rs 7.75 or Rs 14.54% to close at Rs 61.05

Rolta India surges over 10% on strong Q2 results

The stock surged 14% to Rs 62.50 after the company reported 91% jump in profit at Rs 54.30 crore in Q2FY17.

Rolta blames slow govt receivables for interest payment delays

Rolta has missed a $6.8 million interest payment on its 10.75 per cent 2018 unsecured notes, the payment was due on May 16, 2016

Rolta India, Ipca Lab, Inox Wind, Tree House, Punj Lloyd hit 52-week low

GVK Power & Infra, Jaypee Infratech and Sunrise Asian from the BSE500 index hit their respective 52-week lows

Rolta India dips on weak Q4 results; credit rating downgrade

The stock dipped 9% to Rs 71 on the BSE after reported 13.7% QoQ decline in net sales at Rs 846 crore in March quarter.

Rolta Q4 net up 64% y-o-y

Revenue for the quarter slipped 10.5% at Rs 846 crore from last year's fourth quarter revenue of Rs 946 crore

S&P downgrades ratings on Rolta for missing interest payment

Both, long-term corp credit rating and that on senior unsecured notes issued by subsidiaries downgraded from B+ to CCC-

Rolta India soars on winning contract from UK Power Networks

The stock soared 15% to Rs 89 on back of an over 10-fold jump in trading volumes.