The promoter of telecom infrastructure provider GTL Ltd have consolidated their stake in the company to 32.35 per cent.
Global Holding Corporation Pvt Ltd have acquired 2,547,749 shares amounting to 2.69 per cent stake in the company through open market transaction on March 19, GTL said in a disclosure to the Bombay Stock Exchange.
Calculated on the basis of the closing share price of GTL on March 19 (Rs 236.10), the deal value amounts to Rs 60.15 crore. Prior to this transaction, Global Holding Corporation had 29.66 per cent stake which got increased to 32.35 per cent stake.
Further, with the said acquisition the promoters shareholding in the company has gone up from 34.36 per cent to 37.05 per cent, the company added. Shares of GTL were closed at Rs 236.90, up 0.34 per cent on the BSE.
Monday, March 24, 2008
GTL promoter hikes stake in company
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment