GTL allots 593770 Equity Shares upon conversion of FCCBs

GTL Ltd has announced that the Committee of the Board of Directors of the Company at its meeting held on November 23, 2007 has considered and approved allotment of 593,770 Equity Shares of Rs 10/- each for cash at a premium in terms of the Offer document to FCCB holder, consequent upon the exercise of right to convert Foreign Current Convertible Bonds (FCCBs) worth Swiss Francs (SFr) 14,80,777.32.

Source : Equity Bulls

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