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| Exchange Disseminated Time | GTL Infrastructure Ltd has informed BSE that the board has considered and approved the draft of the debtor-creditors agreement under the scheme of Corporate Debt Restructuring (CDR). The Board has also noted to forward the proposal to CDR cell for the purpose of the debt restructuring.
Further, in view of the dynamic and challenging macro-economic and operating environment, the Board of Directors of the Company in its meeting held on July 21, 2011 revamped the roles and responsibilities of Directors
Mr. Milind Naik, who has been with the group for over 26 years, has joined the board as a Whole-time Director and Chief Operating Officer (COO). He will be responsible for commercial, operations and cost optimization measures. Mr. Milind Naik has extensive experience in telecom industry with expertise in treasury operations.
Mr. Prakash Ranjalkar, Whole-time Director would continue to be responsible for strategic initiatives, operations and business development.
Mr. Manoj Tirodkar, Global Group's Founder & Promoter and Non-Executive Chairman of the Company will guide the management on strategic matters, growth and M&A initiatives.
The Board has also accepted the resignation of Mr. A. Ravi, Whole-time Director and CEO. He has decided to leave the Company on personal grounds. |
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