GTL Infrastructure Allots 2,99,637 Shares on FCCB Conversion

GTL Infrastructure Limited announced the allotment of 2,99,637 equity shares following the conversion of Foreign Currency Convertible Bonds (Series B2 Bonds). The conversion was based on an amount of US$ 46,000 at a conversion price of Rs. 10/- per share. This corporate action is in compliance with SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The company's Committee approved the allotment in its meeting held today. This move impacts the company's equity structure and outstanding debt.