GTL promoter hikes stake in company
The promoter of telecom infrastructure provider GTL Ltd have consolidated its stake in the company to 34 per cent for about Rs 38.82 crore.
By PTI |
MUMBAI: The promoter of telecom infrastructure provider GTL Ltd have consolidated its stake in the company to 34 per cent for about Rs 38.82 crore.
Global Holding Corporation Pvt Ltd has acquired 1,520,350 shares, amounting to 1.61 per cent stake, in GTL through open market route on March 28, GTL said in a filing with the Bombay Stock Exchange.
Calculated on the basis of the closing share price of GTL on March 28 (Rs 255.40), the deal value amounts to Rs 38.82 crore.
Prior to this transaction, Global Holding held a 32.36 per cent stake, which has increased to 33.97 per cent now.
Global Holding had acquired a 2.69 per cent stake on March 19.
The total promoters shareholding along with persons acting in concert (PACs) in the company has gone up from 37.05 per cent to 38.66 per cent.
Shares of GTL closed at Rs 250.95, down 1.74 per cent, on the BSE.
Global Holding Corporation Pvt Ltd has acquired 1,520,350 shares, amounting to 1.61 per cent stake, in GTL through open market route on March 28, GTL said in a filing with the Bombay Stock Exchange.
Calculated on the basis of the closing share price of GTL on March 28 (Rs 255.40), the deal value amounts to Rs 38.82 crore.
Prior to this transaction, Global Holding held a 32.36 per cent stake, which has increased to 33.97 per cent now.
Global Holding had acquired a 2.69 per cent stake on March 19.
The total promoters shareholding along with persons acting in concert (PACs) in the company has gone up from 37.05 per cent to 38.66 per cent.
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Shares of GTL closed at Rs 250.95, down 1.74 per cent, on the BSE.
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