The committee of the board of directors at their meeting would consider allotment of equity shares consequent to notices received for conversion of Foreign Currency Convertible Bonds (FCCBs) at a price of Rs 53.04 per share, GTL said in a filing to the Singapore Stock Exchange.
The FCCBs were listed on the Singapore Stock Exchange in November last year and are due in 2012.
On the Bombay Stock Exchange, shares of GTL were trading at Rs 43, down 1.15 per cent in the late afternoon trade.