GTL Infrastructure allots 4890270 Equity Shares on conversion of FCCBs

GTL Infrastructure Ltd has announced that the Committee of the Board at its meeting held on March 02, 2009, has considered and approved allotment of 4,890,270 Equity Shares consequent to conversion of FCCBs worth US$ 6,600,000 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.

The GTL Infrastructure stock was trading at Rs.28.10, down by Rs.0.50 or 1.75%. The stock hit an intraday high of Rs.28.65 and low of Rs.28.

The total traded quantity was 162824 compared to 2 week average of 517643.

Source : Equity Bulls

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