GTL Infrastructure Ltd approves allotment of 19,259,458 Equity Shares upon conversion of FCCBs

The Committee of GTL Infrastructure Ltd at its meeting held on December 07, 2016 has considered allotment of 19,259,458 equity shares consequent to conversion of 3,550 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.4.48 as compared to the previous close of Rs. 4.7. The total number of shares traded during the day was 1794642 in over 1213 trades.

The stock hit an intraday high of Rs. 4.7 and intraday low of 4.32. The net turnover during the day was Rs. 8007405.

Source : Equity Bulls

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