GTL Infra strikes NCLT towards Aircel; Tower Co desires dues again from Maxis

One more company warfare is brewing in chapter courts, with telecom tower firm GTL Infrastructure transferring the Nationwide Firm Legislation Tribunal (NCLT) towards Malaysia’s Maxis owned Aircel Ltd on Monday asking the Tribunal to not enable any of its administrators and prime administration to journey exterior India until the matter is settled with … Read more

Aircel dues: GTL Infra strikes banks, NCLT in search of restoration of ₹12,400 crore

Debt-laden Aircel faces extra hassle with its largest creditor, GTL Infrastructure, in search of the intervention of the corporate’s widespread lenders to recuperate ₹12,400 crore in dues and an investigation into the explanations for the telecom operator’s insolvency submitting. Individually, GTL Infra has approached the Nationwide Firm Legislation Tribunal (NCLT) alleging “misstatement of accounts and … Read more

GTL Infra shares tank 20% on Aircel insolvency woes

New Delhi: Shares of GTL Infrastructure Ltd slumped as a lot as 20% in morning commerce on Friday after it mentioned the influence of Aircel’s insolvency shall be materially antagonistic for the corporate. GTL Infra shares plunged 19.85% to a low of Rs3.11 on the BSE. On the NSE, the inventory fell 19.21% to the … Read more

GTL Infra eyes tower tenancies from current 4 telcos

GTL Infrastructure Ltd expects to resurrect itself by including 10,000 tenancies from current telecom operators to fill the gaps left by exiting operators. GTL reckons demand for towers from current operators as they push information and 4G companies will compensate for the tenancies created after a number of gamers shut down operations not too long … Read more