GTL Infrastructure - Updates on ensuing CoD Meeting

With reference to the earlier announcement dated April 27, 2007 regarding CoD Meeting on April 28, 2007 to consider allotment of 21,723 Shares of Rs 10/- each for cash at par, in terms of the Offer Document of GTL Ltd and Scheme of Arrangement & Reconstruction approved by the Hon'ble High Court of Judicature at Bombay, consequent upon the exercise of right to convert FCCBs worth Swiss Francs (SFr.) 5,825.22.

GTL Infrastructure Ltd has announced that, the Company has now received a further conversion notice for allotment of 3,504,691 shares of Rs 10/- each for cash at par, in respect of FCCBs worth CHF 939,802.16 in terms of the Offer Document of GTL Ltd and Scheme of Arrangement & Reconstruction approved by the Hon'ble High Court of Judicature at Bombay.

Accordingly, the Committee of Board, scheduled to meet on April 28, 2007 will consider allotment of 3,526,414 Equity Shares of Rs 10/- each for cash at par, on conversion of FCCB worth CHF 945,627.38.

Source : Equity Bulls

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