GTL Infrastructure allots 5425200 Equity Shares upon conversion of FCCBs on July 23, 2014

The Committee of GTL Infrastructure Ltd at its meeting held on July 23, 2014 has considered allotment of 5,425,200 equity shares consequent to conversion of 1000 FCCBs of US$ 1,000/- each (Series A Bonds) at a conversion price of Rs. 10 per share, in terms of the Offering Circular dated October 17, 2012 for issue of US$ 111,740,000 Zero Coupon Compulsorily Convertible Bonds due 2017 (Series A Bonds).

Shares of GTL INFRASTRUCTURE LTD. was last trading in BSE at Rs.2.95 as compared to the previous close of Rs. 3.08. The total number of shares traded during the day was 333210 in over 546 trades.

The stock hit an intraday high of Rs. 3.14 and intraday low of 2.95. The net turnover during the day was Rs. 1001072.

Source : Equity Bulls

Keywords