GTL Infrastructure allots 592760 Equity Shares on conversion of FCCBs

GTL Infrastructure Ltd has announced that the Committee of the Board at its meeting held on May 13, 2009, has considered and approved the allotment of 592,760 Equity Shares consequent to conversion of FCCBs worth US$ 800,000 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 stock closed the day at Rs.32.05, down by Rs.0.15 or 0.47%. The stock hit an intraday high of Rs.33.40 and low of Rs.31.75.

The total traded quantity was 1380407 compared to 2 week average of 1318733.

Source : Equity Bulls

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