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Rolta India Limited ( (IN:ROLTA) ) has shared an announcement.
Rolta India Limited has announced that its Corporate Insolvency Resolution Process has been approved by the National Company Law Tribunal. The resolution plan, submitted by Ashdan Properties Private Limited, aims to restructure the company’s financial standing and operations. This approval marks a significant step in addressing Rolta’s negative net worth and aims to stabilize its assets and liabilities. The plan includes the release of all encumbrances on the company’s assets and the extinguishment of existing liabilities, potentially improving Rolta’s market position and offering relief to stakeholders.
More about Rolta India Limited
Rolta India Limited operates in the technology sector, focusing on providing IT solutions and services. The company is known for its expertise in geospatial information systems, engineering design services, and enterprise IT solutions, catering to a diverse range of industries.
Average Trading Volume: 56,477
Technical Sentiment Signal: Sell
Current Market Cap: 298.6M INR
See more data about ROLTA stock on TipRanks’ Stock Analysis page.