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The committee of GTL Infrastructure Ltd on Wednesday considered an allotment of 54.25 lakh equity shares consequent to conversion of 1,000 FCCBs of $1,000 each. The Series A Bonds were converted at a price of ₹10 a share, as agreed in October 2012 for issue of $111.74 million zero coupon compulsorily convertible bonds due in 2017. Shares of GTL Infrastructure closed at ₹2.95 on the NSE.
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