GTL, GTL Infra tank upto 20% as company cuts outlook on Aircel insolvency

GTL Infra locked in lower circuit of 20% at Rs 3.11, while GTL hit a record low of Rs 9.60 on the BSE.

Shares of GTL and GTL Infrastructure have tanked up to 20% on the BSE after the Global Group firms warned that its operations will be hit with the shutdown of multiple telecom players and filing of bankruptcy petition by Aircel early this month.

GTL Infra is locked in lower circuit of 20% at Rs 3.11, hitting a multi-year low on the BSE, with no buyers were seen on the counter. The trading volumes on the counter more than doubled with a combined 15 million shares changed hands and there were pending sell orders for 9.48 million shares on the