GTL, GTL Infra gain on buzz of buyouts by global PE's

Shares of GTL and GTL Infrastructure are trading higher by more than 5% each in an otherwise subdued market on reports that global private equity giants plan to buyout the company’s assets.

“TPG Capital, Carlyle Group and possibly Blackstone have explored a joint acquisition in the telecom sector," reports suggest.

GTL Infrastructure has rallied over 15% at Rs 12.70 and GTL by 6% at Rs 52.90 in morning deals on the National Stock Exchange (NSE).