Rolta Release Detailed Response to Glaucus Report of April 16, 2015

Mumbai (ots/PRNewswire) -

Rolta India Limited (Company) is a multinational organization
headquartered in India and a leading provider of innovative IT
solutions for many vertical segments, including federal and state
governments, defence and homeland security. The Company's equity
shares have been listed on the Indian stock exchanges for 25 years;
its GDRs are listed on the London Stock Exchange; and the senior
notes issued by its subsidiaries in 2013 and 2014 are listed on the
Singapore Stock Exchange.

(Logo: http://photos.prnewswire.com/prnh/20121023/570667)

On 16 April 2015, Glaucus Research Group California LLC,
(Glaucus), released an undated research report in relation to Bonds
of the company on its website (Glaucus Report).

The Company had issued a preliminary response to the Glaucus
Report on April 16, 2015 mentioning that the said report is
completely baseless and has factural errors and inconsistencies. The
Company once again categorically denies the contents of the Glaucus
Report in its entirety. By Glaucus's own admission, its motive in
issuing the report is to make financial gains by shorting the Bonds.
The Company believes that the manner in which the comparisons have
been presented by Glaucus is misleading. Glaucus has not clarified
the facts with any Company officials and/or visited any sites before
releasing the Glaucus Report.

The Company requests readers to consider the following statements
made by Glaucus in its own report.

"We are short sellers. We are biased." "Just because we are biased
does not mean that we are wrong." "You are reading a short-biased
opinion piece. Obviously, we will make money if the price of Rolta's
Delaware-issued corporate bonds declines. This report and all
statements contained herein are the opinion of Glaucus Research Group
California, LLC, and are not statements of fact."

"Use Glaucus Research Group California, LLC's research at your own
risk. You should do your own research and due diligence before making
any investment decision with respect to the debt instruments covered
herein. The opinions expressed in this report are not investment
advice nor should they be construed as investment advice or any
recommendation of any kind."

"Glaucus Research Group California, LLC makes no representation,
express or implied, as to the accuracy, timeliness, or completeness
of any such information or with regard to the results to be obtained
from its use."

These statements indicate that the Report has been issued in
self-interest of Glaucus and with the objective of profiting from
decline in price of the listed securities of the company and
therefore the veracity of the contents is prejudiced. The Company
once again refutes all allegations made in the Glaucus Report and has
now filed a detailed point by point response of the said report with
the relevant stock exchanges in India, London and Singapore and has
posted it on its website http://www.rolta.com.

About Rolta India:

The Company is a leading provider of innovative IT solutions for
many vertical segments, including federal and state governments,
defence/HLS, utilities, process, power, financial services,
manufacturing, retail, and healthcare. The Company is recognized for
its extensive portfolio of indigenous solutions based on field-proven
Rolta IP tailored for Indian defence / HLS. By uniquely combining its
expertise in the IT, engineering and geospatial domains, the Company
develops exceptional IP-based cloud-ready solutions to enable its
customers globally to readily exploit the power of BI, big data
analytics, and IT-OT fusion. The Company is a multinational
organization headquartered in India. The Company operates from over
40 locations worldwide and has executed projects in more than 45
countries. The Company's equity shares are listed on BSE and NSE in
India, its GDRs are listed on the Main Board of London Stock Exchange
and its 'Senior Notes' are listed on Singapore Stock Exchange.

Media Contact:
Mr Hiranya Ashar
hiranya.ashar@rolta.com
+91 (22) 2926 6666
Jt MD & Group CFO
Member of the Board
Rolta India Ltd.

Photo:
http://photos.prnewswire.com/prnh/20121023/570667

ots Originaltext: Rolta India Limited
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