GTL allots 280631 Shares / Warrants under ESOP

GTL Ltd has announced that the Nomination & Remuneration Committee of the Board of Directors of the Company in its meeting held on January 11, 2010 considered and approved allotment of 2,80,631 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 ESOP 2001 - 1,335 shares, ESOP 2002 - 23,860, ESOP 2002 Subsidiary - 30,746 shares and ESOP 2004 - 2,24,690 shares.

The stock was trading at Rs.383.85, up by Rs.1.40 or 0.37%. The stock hit an intraday high of Rs.385.50 and low of Rs.382.15.

The total traded quantity was 17763 compared to 2 week average of 50150.

Source : Equity Bulls

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