Gtl Limited has informed the Exchange that the Board of Director of the Company at its meetings held on April 22, 2009 has: (1) Approved in-principle merger of ADA Cellworks Wireless Engineering Pvt. Ltd a company 100% owned by a step down subsidiary which was earlier acquired by the Company subject to necessary consents from regulators/ court, as may be required or subject to buyback guidelines in this regard.
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