GTL Infrastructure denies forfeiture of warrants allotted to promoter group

GTL Infrastructure Ltd has clarified with reference to the news item appearing in a leading financial daily titled "Promoters forfeit Rs 1K Cr as warrants lapse", (wherein the list of Companies given include the name of the Company also), that neither Global Holding Corporation Pvt. Ltd (GHC), the Promoter Group Company has defaulted in payment of calls in respect of the warrants issued to it nor the Company has forfeited any of the warrants issued to GHC / the initial payment made by GHC.

The stock closed on May 8, 2009 at Rs.33.15, up by Rs.1.70 or 5.41%. The stock hit an intraday high of Rs.33.45 and low of Rs.31.30.

The total traded quantity was 2764473 compared to 2 week average of 1163673.

Source : Equity Bulls

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