General Announcement::Allotment of Equity Shares pursuant to the Scheme of Arrangement

Issuer & Securities

Issuer/ Manager
GTL INFRASTRUCTURE LIMITED
Securities
GTLINFRAB1 US$80.745M Z221026 - XS1684777912 - 82YB
GTLINB2US$86.417M6.731%B221026 - XS1684779454 - 82ZB
GTLINFRAB3 US$30.078M Z221026 - XS1698001465 - 83AB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
27-Jan-2018 20:30:04
Status
New
Announcement Sub Title
Allotment of Equity Shares pursuant to the Scheme of Arrangement
Announcement Reference
SG180127OTHRYMTZ
Submitted By (Co./ Ind. Name)
Nitesh A. Mhatre
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
We refer to our letters dated December 22, 2017 and January 17, 2018 wherein we had inter-alia intimated that the National Company Law Tribunals, Benches at Mumbai and Chennai respectively had sanctioned the Scheme of Arrangement between Chennai Network Infrastructure Limited ( CNIL ) and GTL Infrastructure Limited ( the Company ) and their respective shareholders and creditors, and the said Scheme had become effective on December 22, 2017.

Pursuant to the said Scheme, the Company has on January 27, 2018 allotted 758,88,19,117 equity shares of Rs. 10 per share to the shareholders of CNIL, in the ratio of 1 (one) Equity Share of Rs. 10 each fully paid-up in the Capital of the Company for every 1 (one) fully paid-up Equity Share held in CNIL. The said shares shall rank pari passu with the existing Equity Shares of the Company.

Consequent to the said allotment, the paid-up share capital of the Company stands increased to Rs. 12,125.27 Crore.

You are requested to take note of the same.