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              GTL Ltd has announced that a meeting of the Committee of the Board (CoD) will be held on November 06, 2006 to consider allotment of 325,850 Equity Shares of Rs 10/- each for cash at a premium in terms of the Offer document to FCCB holders, consequent upon the exercise of right to convert FCCBS worth Swiss Francs (SFr.) 812,621.70.