GTL Infrastructure to consider conversion of FCCBs on July 29, 2009

GTL Infrastructure Ltd has announced that a meeting of the Committee of the Board will be held on July 29, 2009, to consider allotment of Equity Shares consequent to Conversion Notice(s) received / to be received for conversion of FCCBs 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.38.35, down by Rs.0.50 or 1.29%. The stock hit an intraday high of Rs.38.90 and low of Rs.38.10.

The total traded quantity was 520945 compared to 2 week average of 1890638.

Source : Equity Bulls

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