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Wednesday, Mar 02, 2005

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GTL to convert FCCB to shares

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MUMBAI: GTL Ltd has informed the BSE that it will allot 10.86 lakh shares of Rs 10 each to Foreign Currency Convertible Bond (FCCB) holders. This allotment is on their exercise of right to convert FCCBs worth Swiss Francs (SFr) 30,00,000 to shares.

The company is a provider of global enabling services — network engineering, managed services, process implementation solutions and process fulfilment services.

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