GTL plans to buyback shares up to 25 per cent of the net worth as on March 31, 2008.
The buyback will be at a maximum price of Rs 260 per equity share and the board has decided to allocate up to Rs 225 crore for the purpose.
The buyback will be subject to approvals from shareholders, lenders and statutory authorities, said the company in a statement.
The board has also decided to consider merger of Ada Cellworks Wireless Engineering, a step down subsidiary, with the company in the next financial year in view of buyback.
