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GTL Infrastructure surges on the buzz of aiming to become debt free in next 3-4 years

27 Apr 2017 Evaluate

GTL Infrastructure is currently trading at Rs. 5.65, up by 0.09 points or 1.62% from its previous closing of Rs. 5.56 on the BSE.

The scrip opened at Rs. 5.70 and has touched a high and low of Rs. 5.80 and Rs. 5.55 respectively. So far 295643 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 7.24 on 14-Oct-2016 and a 52 week low of Rs. 1.63 on 06-Jun-2016.

Last one week high and low of the scrip stood at Rs. 5.96 and Rs. 5.50 respectively. The current market cap of the company is Rs. 2333.59 crore.

The promoters holding in the company stood at 25.56%, while institutions and non-institutions held 48.76% and 25.68% respectively.

GTL Infrastructure is reportedly aiming to become debt free in the next 3-4 years, as it has completed a Strategic Debt Restructuring (SDR) exercise. GTL Infra is a Global Group company, while the other companies in the fold are network services firm GTL and passive infrastructure sharing firm Chennai Network Infrastructure (CNIL).

CNIL was a special purpose vehicle formed to park Aircel’s 17,500 telecom towers and 21,000 tenants, which it bought in 2010 for Rs 8,400 crore.

As part of SDR, CNIL will merge with GTL Infra in 1:1 share ratio for which it got approvals as per regulatory filings. GTL Infra has completed its first step in the SDR process last week. This includes reducing debt of its combined tower companies (GTL Infra and CNIL) to a sustainable level of Rs 4,800 crore, including proposed restructured amount of bonds.

A total of 22 lenders, led by Union Bank of India, have converted Rs 4,500 crore of debt into equity.

GTL Infrastructure Share Price

1.26 0.02 (1.61%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Vindhya Telelinks 1376.60
HFCL 95.45
Pace Digitek 177.15
Bondada Engineering 359.85
GTL Infrastructure 1.26
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