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2004 : Formation
GTL Infrastructure Limited was incorporated on February 4th, 2004 under The Companies Act, 1956 as GTL infras Engineering & Managed Network Services Limited. The name of the Company was thereafter changed to GTL Infrastructure Limited on February 1st, 2005.
2006 : Listing
On November 9th 2006, GTL Infrastructure Ltd. (GTL Infra) was listed on BSE and NSE at a market cap of Rs. 1397 crs, becoming the first company in Asia Pacific to get listed in the Shared Telecom Infrastructure space.
2007 : Rights Issue
In October 2007, the Company raised its Equity Share Capital from Rs. 336.40 Crores to Rs. 672.80 Crores through the issue of 1:1 rights to its existing Shareholders. These rights were issued at par.
The company has successfully closed on Unsecured Zero Coupon FCCB issue of Rs. 1,000 Cr (USD 250 mn) combined with a green shoe option of Rs. 200 Cr (USD 50 mn) at Yield to Maturity (Y-T-M) of 6.9%. The issue received extraordinary response from about 90 global investors with offerings worth more than -->>Rs. 40 bn (USD 1 bn)
The promoters and investors of GTL Infrastructure Limited (GTL Infra), have committed fresh investments to the tune ofRs. 1100 Crores (USD 275 million) by investment into warrants.
2008 : Financial Closure
GTL Infra successfully achieved the financial closure for the rollout of 23,700 towers across India with a total project cost of Rs. 7,265 Crores (USD 1.80 Bn). The project is being financed through a mix of debt and equity. The company has raised Rs.2,905 Crores (USD 726 Mn) by way of equity offerings and quasi equity instruments like Preferential Warrants and Foreign Currency Convertible Bonds (FCCB). The company has received aggregate Debt sanctions of Rs. 4,999 Crores (USD 1.24 Bn) for the project, from international and domestic banks, and financial institutions.
Acquisition of Aircel Towers
GTL Infra acquires 17,500 Aircel towers with 21,000
tenants at a transaction value of US$ 1.8 Bn making
GTL Infra the largest Independent and Neutral Telecom Tower
Company in the world.