GTL, GTL Infra gain on debt restructuring plan

BSE 24 May 12 | 12:00 AM

8.18		0.28 (3.54%)
Mkt Price (Rs)		Chg Rs (Chg %)

Code: 532775

Face Value: N.A.

NSE 24 May 12 | 12:00 AM

8.20		0.3 (3.8%)
Mkt Price (Rs)		Chg Rs (Chg %)

Code: GTLINFRA

Performance
1 Week	:	Rs	8.01	(2.12%)
1 Month	:	Rs	9.42	(-13.16%)
1 Year	:	Rs	32.85	(-75.10%)

GTL, GTL Infra gain on debt restructuring plan

Abhishek Vasudev / New Delhi 29 Nov 11 | 12:10 PM

Be the first to comment

GTL and GTL Infrastructure have jumped around 14% each to Rs 44 and Rs 10 respectively on the back of news reports that the company's corporate debt restructuring (CDR) cell will meet today to contemplate the debt-to-equity conversion proposal.

The promoters of GTL and GTL Infrastructure might convert Rs 9.5 billion loan into equity shares, reports suggest.

GTL opened at Rs 38 and touched a high of Rs 45 in intra-day deals. The trading volumes on the counter surged as 29,42,000 shares changed hands compared to its two-week average of 4,56,000 shares.

GTL infrastructure has also seen a surge in trading volumes as 9,57,000 shares have changed hands on the BSE thus far.