The downtrodden movement of GTL’s share has pushed the government to seek SBI Capital Market’s business review. GTL has requested SBI to make the review available within 30 days so that company could take prompt action.

It has been told that SBI will be preparing the review on the basis of future working of the sector its financials and obligations. Moreover, the company has called for a meeting of lenders to update them of current events happenings. The focus behind the company in holding the meeting is to dispel any adverse rumors being spread against the company, which have caused tremendous harm to the minority shareholders

GTL’s shares are dominating in the GTL infrastructure. Last week, the shares of GTL and GTL Infrastructure dropped by over 62% and 43%, respectively. Moreover, the ongoing rumors about the financial condition of the company have pushed investors to do away with 50% of their stake.

At present, the shares of GTL are trading at Rs 108.60 on the BSE, down by 1.05% from their previous close, while GTL Infra is trading at Rs 15.75, down 1.87%. Assuring the worrisome investors, the founder of the company said, “Will take all necessary steps to safeguard the interest of all stakeholders”.