GTL Infra jumps post FCCB conversion - The New Indian Express

GTL Infra jumps post FCCB conversion

Published: 11th April 2014 11:19 AM

Last Updated: 11th April 2014 11:19 AM

GTL Infrastructure shares jumped on Friday after the committee of the company has allotted 1,855,418 equity shares consequent upon conversion of 342 FCCBs of USD 1,000 each at a conversion price of Rs 10 a share.

This was in terms of the offering circular dated Oct. 17, 2012 for issue of USD 111,740,000 zero coupon compulsorily convertible bonds due 2017.

Shares of the company are trading at Rs 1.90, up Rs 0.09, or 4.97% at the Bombay Stock Exchange (BSE) on Friday at 10:28 a.m.The scrip has touched an intra-day high of Rs 1.90 and low of Rs 1.84. The total volume of shares traded at the BSE is 887,524.In the earlier session, the shares gained 4.62%, or Rs 0.08, at Rs 1.81.Currently, the stock is trading down 28.84% from its 52-week high of Rs 2.67 and above 41.79% over the 52-week low of Rs 1.34.

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