GTL Infrastructure Ltd has announced that the Committee Board at its meeting held on April 28, 2007, has considered and approved Allotment of 3,526,414 Equity 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.) 945,627.38.