GTL Allots Warrants under ESOP schemes

GTL Ltd has announced that the Nomination & Remuneration Committee of the Board of Directors of the Company at its meeting held on April 18, 2007, has considered and approved allotment of 17,20,000 warrants under the ESOP 2001, ESOP 2002 and ESOP 2004 Schemes of the Company to key employees of the Company as detailed below:

(a) Employees' Stock Option Scheme - 2001: 1,00,000 No of warrants
(b) Employees' Stock Option Scheme - 2002: 3,80,000 No of warrants
(c) Employees' Stock Option Scheme - 2002 Subsidiary: 4,60,000 No of warrants
(d) Employees' Stock Option Scheme - 2004: 7,80,000 No of warrants

The stock was trading at Rs.165.50, up by Rs.1.40 or 0.85%. The stock hit an intraday high of Rs.173 and low of Rs.159. The total traded quantity was 1256208 compared to 2 week average of 446223.

Source : Equity Bulls

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