Meanwhile, the BSE Sensex was down 358.69 points, or 2.10% to 16,759

On BSE, 6.89 lakh shares were traded in the counter as against an average daily volume of 9.28 lakh shares in the past one quarter.

The stock hit a high of Rs 40.15 and a low of Rs 37.50 so far during the day. The stock had hit a 52-week high of Rs 49.70 on 5 June 2009 and a 52-week low of Rs 29.75 on September 2009.

The mid-cap stock had underperformed the market over the past one month till 4 June 2010, falling 3.49% as compared to the Sensex's 0.11% decline. It had also underperformed the market in the past one quarter, declining 8.19% as compared to the Sensex's 0.86% rise.

The company's equity capital is Rs 959.15 crore. Face value per share is Rs 10.

Earlier, GTL Infrastructure bought Aircel's portfolio of 17,500 telecom towers in January this year.

GTL Infrastructure reported lower net loss of Rs 6.45 crore in Q4 March 2010 compared to net loss of Rs 7.06 crore in Q4 March 2009. Net sales surged 60.9% to Rs 103.11 crore in Q4 March 2010 over Q4 March 2009.