CBI registers case against GTL Infrastructure and 13 banks for causing losses of hundreds of crores. Alleged financial impropriety and irregularities in credit facilities extended to GTL

CBI registers alleged loan fraud case against GTL Infrastructure; unknown officials of 13 banks also under scanner

The Central Bureau of Investigation (CBI) has filed another FIR against Mumbai-based telecom infrastructure company GTL Infrastructure Ltd, on charges of misappropriating credit facilities to the tune of ₹4,063 crore

CBI files fresh FIR against GTL Infra for ₹4,063-cr bank fraud

The ED registered a money laundering case against GTL Ltd., its Directors, unknown bank officials and unknown private persons based on a Central Bureau of Investigation (CBI) case registered against the firm and other accused in January this year.

ED raids various premises linked to GTL Ltd. and GTL Infra in connection with bank fraud

GTL Infra Standalone March 2023 Net Sales at Rs 377.87 crore, up 3.18% Y-o-Y

Indian Bank, Adani Enterprises Ltd, PNB Housing Finance Ltd and Triveni Turbine Ltd are among the other losers in the BSE’s ‘A’ group today, 14 March 2023.

GTL Infrastructure Ltd leads losers in ‘A’ group

GTL Infrastructure allots 17.61 lakh equity shares on conversion of bonds

GTL Infrastructure reports standalone net loss of Rs 463.61 crore in the December 2022 quarter

Corporate debtor’s business is sustainable and it is a viable going concern, NCLT had ruled

NCLAT rejects bankruptcy board’s plea against telecom tower firm GTL Infra

BSE, CDSL, RVNL, PC Jeweller, Muthoot Finance, broking stocks, Aurobindo Pharma, NTPC, Adani Power, Adani Wilmar, 3M India, Cummins India, Equitas Bank, Escorts, Eureka Ind, Gati, Godrej Agro, GTL, GTL Infra, Midhani, Minda Corp, Samvardhana Motherson, Piramal Enterprises, Tracxn Technologies, Tren…

Stocks that will see action on February 8, 2023

IBBI’s petition is aimed at course correction after the Vidarbha Industries Power case where the Supreme Court struck down the National Company Law Tribunal’s decision to admit the Anil Ambani-promoted power producer despite proof of default while adding that tribunals should have factored in extran…

IBBI challenges NCLT’s order rejecting admission of GTL Infra

Apart from Adani Group stocks, LIC’s holdings in companies like Future Lifestyle Fashions, Piramal Enterprises, Omaxe, Indus Towers, Laurus Labs, Jet Airways (India), Sunteck Realty, Bombay Dyeing, GTL Infrastructure, Aurobindo Pharma and Jaypee Infratech among others have also taken a huge beating …

For LIC, Adani is not the biggest problem

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

GTL Infrastructure Limited is an independent telecom tower company. The Company is engaged in providing telecom towers on shared basis to multiple telecom operators.

GTL Infrastructure Ltd