What to Watch. Rolta India: Revamp of notes bodes well

Shares of Rolta India will remain in focus, as the company along with certain international subsidiaries (the group) has entered into an agreement to implement a revised restructuring of its $300 million 8.875 per cent senior notes due in 2019, and $200 million 10.75 per cent senior notes due in 2018 with an ad hoc committee of senior note holders. The group obtained the necessary funds and negotiated the second restructuring support agreement with the committee.