GTL Ltd has informed that the Nomination & Remuneration Committee of the Board of Directors of the Company at its meeting held on January 22, 2008, has considered and approved the following:
1. Allotment of 69,742 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, as detailed below:
i. Employees Stock Option Scheme - 2001 - 22,165 equity shares
ii. Employees Stock Option Scheme - 2002 - 38,277 equity shares
iii. Employees Stock Option Scheme - 2002 Subsidiary - 9,300 equity shares
2. Allotment of 131,500 warrants to the employees of the Company under the various ESOP Schemes of the Company.
1. Allotment of 69,742 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, as detailed below:
i. Employees Stock Option Scheme - 2001 - 22,165 equity shares
ii. Employees Stock Option Scheme - 2002 - 38,277 equity shares
iii. Employees Stock Option Scheme - 2002 Subsidiary - 9,300 equity shares
2. Allotment of 131,500 warrants to the employees of the Company under the various ESOP Schemes of the Company.
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