GTL Infrastructure Ltd has informed that the Committee of the Board at its meeting held on February 29, 2008, has considered and approved allotment of 889,140 Equity Shares consequent to conversion of FCCBs worth USD 1,200,000 at a conversion price of Rs 53.04 per share, in terms of the Offering Circular dated November 24, 2007 for issue of U.S.$.300,000,000 Zero Coupon Convertible Bonds due 2012.
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