GTL Infrastructure allots 4816175 Equity Shares

GTL Infrastructure Ltd has announced that the Committee of the Board at its meeting held on June 11, 2009, has considered and approved the allotment of 4,816,175 Equity Shares consequent to conversion of FCCBs worth US$ 6,500,000 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 was trading at Rs.46.25, up by Rs.0.95 or 2.10%. The stock hit an intraday high of Rs.47.40 and low of Rs.44.80.

The total traded quantity was 3921135 compared to 2 week average of 6639610.

Source : Equity Bulls

Keywords