Business Daily from THE HINDU group of publications
Friday, June 6, 2008 ePaper | Mobile/PDA Version
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Business Daily from THE HINDU group of publications Friday, June 6, 2008 ePaper | Mobile/PDA Version |
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Update at 1600 hrs (IST)
Corporate GTL Infra to allot shares on FCCB conversion MUMBAI: GTL Infrastructure on Friday said the company's board will meet today to consider allotment of equity shares upon conversion of its Singapore stock exchange listed $300 million bonds. The committee of the board of directors at their meeting would consider allotment of equity shares consequent to notices received for conversion of Foreign Currency Convertible Bonds (FCCBs) at a price of Rs 53.04 per share, GTL said in a filing to the S ingapore Stock Exchange. The FCCBs were listed on the Singapore Stock Exchange in November last year and are due in 2012. On the Bombay Stock Exchange, shares of GTL were trading at Rs 43, down 1.15 per cent in the late afternoon trade. - PTI
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