GTL Infrastructure Allots 1,549,594 equity shares upon conversion of FCCBs

GTL Infrastructure Ltd has announced that the Committee of Board at its meeting held on November 22, 2006 has considered and approved the allotment of 1,549,594 Equity Shares of Rs 10/- each for cash at par, in terms of the Offer Document of GTL Ltd and Scheme of Arrangement & Reconstruction approved by the Hon'ble High Court of Judicature at Bombay, consequent upon the exercise of right to convert Foreign Currency Convertible Bonds (FCCBs) worth Swiss Francs (SFr.) 415,532.36.

Source : Equity Bulls

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