GTL infra surges 15% in debut trade
GTL Infrastructure Ltd, which was listed on the bourses on Thursday, surged 15.52 per cent from its opening price of Rs 38.
By PTI |
MUMBAI: GTL Infrastructure Ltd, which was listed on the bourses on Thursday, surged 15.52 per cent from its opening price of Rs 38.
The company's shares were trading at Rs 43.90 on the BSE in the mid-day session.
GTL Infrastructure scrip touched an intra-day high of Rs 59.90 and also fell to a low of Rs 35 on the BSE.
GTL infrastructure has been listed consequent to the restructuring of its parent company GTL Ltd.
Pursuant to the Scheme of Arrangement and Reconstruction between GTL Limited (GTL), GTL Infrastructure Limited (GIL) and GTL Technology Investments Ltd (GTIL), the Infrastructure unit of GTL was demerged and vested into GIL on a going concern basis.
In consideration, GIL had allotted one equity share of Rs 10 each fully paid-up for every one equity share of Rs 10 each held by the shareholders in GTL on the record date.
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