GTL Infrastructure Ltd has informed that the Committee of the Board at its meeting held on February 12, 2009, has considered and approved the following:
1. Allotment of 24,500,000 Equity Shares at a Conversion Price of Rs 40/- per share to Global Holding Corporation Pvt. Ltd, consequent to conversion of warrants issued on preferential basis.
2. Allotment of 1,111,425 Equity Shares consequent to conversion of FCCBs worth USD 1,500,000 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.$.300,000,000 Zero Coupon Convertible Bonds due 2012.
1. Allotment of 24,500,000 Equity Shares at a Conversion Price of Rs 40/- per share to Global Holding Corporation Pvt. Ltd, consequent to conversion of warrants issued on preferential basis.
2. Allotment of 1,111,425 Equity Shares consequent to conversion of FCCBs worth USD 1,500,000 at a conversion price of Rs 53.04 per share, in terms of the Offering Circular dated November 24, 2007 for issue of U.S.$.300,000,000 Zero Coupon Convertible Bonds due 2012.
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