Shares of GTL group companies such as GTL and GTL Infrastructure have rallied more than 10% each in opening deals on the Bombay Stock Exchange (BSE).
GTL, in a filing to the stock exchange said that the promoter shareholding in the company has been restored back to 52.66 % of its paid-up capital, after ICICI and the promoters of GTL have agreed to withdraw all claims and litigation against each other.
"As informed by one of the promoters of the company, viz. Global Holding Corporation Private Limited (GHC), ICICI Bank has returned 28.5 million equity shares of the company (29.30% of the paid-up share capital) held by GHC which were earlier appropriated by ICICI as a result of the Invocation of the NDU/ Pledge,” the company said in a filing to the stock exchanges.
Among the individual stocks, GTL has rallied 12% to Rs 37 with a combined 864,282 shares have changed hands on the counter so far, while GTL Infrastructure is trading higher by 10% at Rs 9.28 on the BSE.
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