GTL - Allotment Of Warrants

GTL Ltd has informed 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