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Mumbai, Nov 20 GTL Infrastructure Ltd has signed an MoU with IDFC Project Equity Company Ltd (IDFC Project Equity), to form a special purpose vehicle (SPV) to address acquisition opportunities in the telecom tower infrastructure space.

The MoU will allow GTL Infrastructure to pursue acquisitions and strategic investments into telecom tower infrastructure companies being hived off by telecom operators and other independent tower companies.

This MoU is an extension of the ongoing relationship between IDFC the parent, and GTL Infra. IDFC owns around 5 per cent stake in GTL Infra and is also participating in the warrants issue of the company.

The GTL Infrastructure scrip was up by 3.31 per cent to close at Rs 57.7 on the BSE today.

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