Business Standard

GTL board meet on Jan 15 for share buyback

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BS Reporter Mumbai

GTL, a Mumbai-based telecom infrastructure company, today said that it would consider buy back of shares with using surplus cash of the company.

The company would discuss this in its board meeting on 15 January, the company said in filing to the Bombay Stock Exchange.

The company will also review the revenue guidance for 2008-09 in the board meet, it said.

The company also plans to merge Ada Cellworks Wireless Engineering a step down subsidiary that it acquired earlier with the parent company.

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First Published: Jan 05 2009 | 3:42 PM IST

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