GTL Infrastructure has raised $2.542 million through allotment of 1,65,58,232 equity shares consequent to conversion for 2542 Zero Coupon Compulsorily Convertible Bonds (Series B1 Bonds) at a conversion price of Rs 10 per share. Post this conversion, outstanding Series B1 Bonds are $51.348 million as on January 28, 2019. The Committee of the Company at its meeting held on January 28, 2019 has considered the same.
GTL Infrastructure is the pioneer in Shared Telecom Infrastructure in India. The company offers ready to use passive infrastructure to wireless telecom operators.
