Published on 16/10/2018 11:36:54 AM | Source: Dion Global Solutions Ltd

GTL Infrastructure jumps 5% on bourses

Posted in Stock On The Move| #Stock On The Move #GTL Ltd

Shares of GTL Infrastructure nearly 17 per cent on the Bombay Stock Exchange after Economic Times reported that Edelweiss Asset Reconstruction Company and Oaktree Capital to buy Rs 4,000 crore which telecom tower company owed a consortium of lenders in a transaction completed before September-end. Cheering the news, shares of the company gained as much as 4.95 per cent and touched an intra-day high of Rs 1.06 apiece on the Bombay Stock Exchange.

In a similar trend, stocks of the firm were trading at Rs 1.05 apiece, up 5.00 per cent, on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 14.35, up 302.28 points, or 0.87 per cent, from the previous close on the BSE at 11:10 hours.