GTL Infrastructure Limited has informed that the Committee of the Board at its meeting held on May 29, 2009, has considered and approved the allotment of 120,495,015 Equity Shares on conversion of 120,495,015 Warrants issued under preferential basis at a conversion price of Rs 40/per equity share as detailed below:
1. Name of the Allottee : Technology Infrastructure Limited, Mauritius (TIL)
- No. of equity shares : 14,436,075
2. Name of the Allottee : Global Holding Corporation Pvt. Limited (Promoter Group)
- No. of equity shares : 106,058,940
With the above allotment on May 29, 2009, both the Promoter Group and TIL have fully subscribed to the Warrants allotted to both of them.
1. Name of the Allottee : Technology Infrastructure Limited, Mauritius (TIL)
- No. of equity shares : 14,436,075
2. Name of the Allottee : Global Holding Corporation Pvt. Limited (Promoter Group)
- No. of equity shares : 106,058,940
With the above allotment on May 29, 2009, both the Promoter Group and TIL have fully subscribed to the Warrants allotted to both of them.
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