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Tata Communications jumps on plan to raise $500-600 million

14 Feb 2012 Evaluate

Tata Communications is currently trading at Rs. 226.70, up by 4.75 points or 2.14% from its previous closing of Rs. 221.95 on the BSE.

The scrip opened at Rs. 223.55 and has touched a high and low of Rs. 227.95 and Rs. 223.55 respectively. So far 3277 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 263.75 on 18-Apr-2011 and a 52 week low of Rs. 176.30 on 24-Nov-2011.

Last one week high and low of the scrip stood at Rs. 227.95 and Rs. 220.40 respectively. The current market cap of the company is Rs. 6462.38 crore.

The promoters holding in the company stood at 76.15% while Institutions and Non-Institutions held 13.58% and 3.63% respectively.

Tata Communications (TCL) plans to raise $500-600 million in equity over the next three years. It has invested over Rs 17,000 crore in building capabilities and entering new markets, while it has debt of over $1.5 billion in its books.

The company will be able to nourish its capex plans with its operating cash flows from the next year onwards and over the next four to six quarters, the company will be positive on a profit-before-tax basis. TCL will also be ready for both organic and inorganic expansion.

Recently, Tata Communications, together with nine global service providers, has launched the Global Meeting Alliance, an open ecosystem of leading telecom providers that have aligned to interconnect their respective business video communities.

Tata Communications Share Price

1521.05 -41.30 (-2.64%)
17-Apr-2026 16:59 View Price Chart
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