Corporate Announcement
Security Code : 500160    Company : GTL    
 
Outcome of Board Meeting 
  Exchange Disseminated Time     
GTL Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 29, 2011, has considered the following:

1. Letter of approval received from Corporate Debt Restructuring Cell, Mumbai in respect of restructuring of the Company's debt and a Committee of the Board is constituted to discuss, negotiate and finalise the various terms and conditions stipulated therein, inter-alia issuance of securities, in terms of the CDR process.

2. Appointment of Mr. D. S. Gunasingh, Mr. Navin Kripalani and Mr. Hemant Desai as Additional Directors of the Company.
 

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