GTL allots 704003 Shares on conversion of Warrants under ESOP

GTL Ltd has announced that the Nomination & Remuneration Committee of the Board of Directors of the Company at its meeting held on October 08, 2009, considered and approved allotment of 7,04,003 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.

The stock closed the day at Rs.316, up by Rs.0.75 or 0.24%. The stock hit an intraday high of Rs.318 and low of Rs.314.05.

The total traded quantity was 96873 compared to 2 week average of 50508.

Source : Equity Bulls

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