The scheme envisages an exchange ratio of 1 equity share of GTL Infra for every 4 equity shares of CNIL. The exchange ratio is based on the independent valuation made by Bansi S. Mehta & Co., Chartered Accountants and fairness opinion on the exchange ratio given by Ernst and Young Merchant Banking Services Pvt Ltd.

The proposed scheme is subject to approvals of the shareholders of the respective companies, the Hon'ble High Courts and other approvals as may be required.