GTL Infrastructure allots 518665 shares on conversion of FCCBs

GTL Infrastructure Ltd has announced that the Committee of Board at its meeting held on May 28, 2008, has considered and approved the allotment of 518,665 Equity Shares consequent to conversion of FCCBs worth US$ 700,000 at a conversion price of Rs 53.04 per share, in terms of the Offering Circular dated November 24, 2007 for issue of U.S.$ 300,000,000 Zero Coupon Convertible Bonds due 2012.

Source : Equity Bulls

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