GTL Ltd has informed BSE that the Nomination & Remuneration Committee of the Board of Directors of the Company at its meeting held on September 23, 2009, considered and approved allotment of 250,000 Equity Shares of Rs. 10/- each for cash at a premium in terms of the ESOP Schemes, upon exercise of option for conversion of Warrants, as detailed below:
1. Particulars of Scheme : Employees Stock Option Scheme - 2001
- Number of Equity Shares : 100,000
2. Particulars of Scheme : Employees Stock Option Scheme - 2002
- Number of Equity Shares : 50,000
3. Particulars of Scheme : Employees Stock Option Scheme - 2004
- Number of Equity Shares : 100,000.
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