GTL Infrastructure on Monday said its board has approved fund raising through one or combination of different ways like placing shares with institutions, issuing foreign currency convertible bonds (FCCBs) and a foreign issue.
The board has also approved the merger of its unit formed to purchase 17,500 telecom towers from Aircel with itself, the company said.
GTL Infrastructure’s net loss narrowed to Rs 16.17 crore in the quarter ended September 30 from Rs 37.87 crore in the year-ago period. Net income for the quarter increased 43.78 per cent to Rs 116.890 crore.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app