Network services firm GTL's one of the promoters--Global Holding Corporation--has acquired an additional 2.11 per cent stake in the company for Rs 75.55 crore, hiking its total stake in the firm to 47.80 per cent.
In a disclosure to the Bombay Stock Exchange (BSE), GTL today said Global Holding Corporation has acquired 20.18 lakh shares representing 2.1 per cent stake in open market transactions for Rs 75.55 crore.
The transaction was executed on December 18, it said.
Prior to the transaction, Global Holding Corporation had 45.69 per cent stake in the networking company.
GTL, a Global Group enterprise, offers services and solutions for telecom carriers and technology providers.
Global Holding Corporation is the holding company of Global Group.
Shares of GTL today closed at Rs 385.20, down 1.15 per cent from previous close on the BSE.
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