rolta india the domestic software major in Bombay, the rolta india 's share went down almost upto 60% down at 1.30 pm, this was rolta india 's 52week lowest ,this steep fall is attibuted to several roumors circling rolta india. there was rolta news circulating that one of rolta india's biggest institutional investor with a large stake in this company is also reported to have offloaded more than 50 lakh shares in the market on Tuesday. there was also news in market that a leading financier to whom the company had pledged almost 2.5% shares had offloaded in the market. the management of rolta india denyed such reports.
in oder to stop the fall the shares of rolta india ,the management of rolta india Rolta India Ltd on said all its businesses and operations were in order .
it said
"The company categorically states that all its operations and business are in order and there are no new developments which have taken place that have any material impact on the company's operations," the company said in a statement to stock exchanges. aftrer this anouncement the share price of rolta india recoverd.
the stock price of rolta india - Rs 88.05 on the NSE. (down 16.89 per cent)
for more news on rolta india and rolta india shares - link , source
Tuesday, January 13, 2009
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