GTL Infrastructure to consider conversion of warrants on Feb 12, 2009

GTL Infrastructure Ltd has announced that a meeting of the Committee of the Board will be held on February 12, 2009, inter alia, to consider the allotment of Equity Shares arising on conversion of Warrants issued on preferential basis.

To consider allotment of Equity Shares consequent to Conversion Notice(s) received / to be received for conversion of FCCBs 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.

The stock was trading at Rs.29.25, up by Rs.0.05 or 0.17%. The stock hit an intraday high of Rs.29.35 and low of Rs.28.60.

The total traded quantity was 43997 compared to 2 week average of 249962.

Source : Equity Bulls

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