GTL Board recommend Buy back of shares at Rs.300

The Board of Directors of GTL Ltd at its meeting held on April 25, 2007, inter alia, has recommended following:

1. Buyback of Company's shares at Rs 300 per share.

2. Set aside an amount of Rs 275 crores for the buyback.

3. The buyback is subject to the approval of shareholders and regulatory authorities.

The stock was trading at Rs.194, up by Rs.15 or 8.38%. The stock hit an intraday high of Rs.198.05 and low of Rs.176.30. The total traded quantity was 3486563 compared to 2 week average of 864716.

Source : Equity Bulls

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