GTL allots 250000 Shares under ESOP

GTL Ltd has announced that the Nomination & Remuneration Committee of the Board of Directors of the Company at its meeting held on September 23, 2009, considered and approved allotment of 250,000 Equity Shares of Rs. 10/- each for cash at a premium in terms of the ESOP Schemes, upon exercise of option for conversion of Warrants.

Under Employees' Stock Option Scheme - 2001, 100,000 shares were allotted, 50,000 shares were allotted under Employees' Stock Option Scheme - 2002 and 100,000 shares were allotted under Employees' Stock Option Scheme - 2004.

The stock was trading at Rs.316.50, up by Rs.1.95 or 0.62%. The stock hit an intraday high of Rs.317.85 and low of Rs.311.

The total traded quantity was 99066 compared to 2 week average of 165938.

Source : Equity Bulls

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