|
| Exchange Disseminated Time | With reference to the news item appearing in a leading financial daily titled "GTL Infrastructure develops cold feet, scraps plan to raise $300 million, GTL Infrastructure Ltd has clarified to BSE that:
"The Company has never launched any road show for the above said issue, We believe that the present market conditions, policy clarity on telecom sector and global market sentiments are not favorable for the issue at this stage. We would like to inform you that the Company is in highly capital intensive business and it will raise funds at appropriate times. We will keep the stock exchanges updated of any developments on this matter.
We have also observed increase in volumes and sharp fall in the share price of the Company, and several rumors appearing in sections of electronic and print media about the Company.
We would like to inform that, the Company continues to conduct its business in normal course and is focusing on growing the business.
In GTL Infra, the promoters and promoter group hold 58.34% of the equity capital of the Company. The promoters and promoter group have not pledged any shares. This has been already intimated to the stock exchanges, as part of our regular disclosures." |
|
|