GTL CoD Meeting to consider additional issue of shares

GTL Ltd has announced that the meeting of the Committee of the Board of Directors of Company (CoD) to be held on September 11, 2006, inter alia, will also consider allotment of further 44,13,468 Equity Shares of Rs 10/- each for cash at a premium in terms of the Offer document to FCCB holders, consequent upon the exercise of right to convert FCCBs worth Swiss Francs (SFr.) 1,10,06,509.47.

With the above addition, the Committee of the Board will consider allotment of a total of 91,20,200 Equity Shares of Rs 10/- each for cash at a premium in terms of the Offer document to FCCB holders, consequent upon the exercise of right to convert FCCBs worth a total of Swiss Francs (SFR.) 2,27,44,378.47.

Source : Equity Bulls

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