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TTML jumps higher after getting nod to raise funds up to Rs 1,300 crore

31 Jul 2017 Evaluate

Tata Teleservices (Maharashtra) (TTML) scrip is currently trading at Rs. 7.92, up by 0.26 points or 3.39% from its previous closing of Rs. 7.66 on the BSE.

The scrip opened at Rs. 7.75 and has touched a high and low of Rs. 8.25 and Rs. 7.69 respectively. So far 1514650 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 10.48 on 02-Mar-2017 and a 52 week low of Rs. 5.42 on 30-Sep-2016.

Last one week high and low of the scrip stood at Rs. 8.36 and Rs. 7.27 respectively. The current market cap of the company is Rs. 1550.26 crore.

The promoters holding in the company stood at 74.36%, while Institutions and Non-Institutions held 0.54% and 25.10% respectively.

Tata Teleservices (Maharashtra) (TTML) has received an approval to raise funds up to an aggregate amount of Rs 1,300 crore by issue of one or more types of securities/instruments. These securities/instruments are Redeemable Preference Shares to Tata Teleservices (Promoter) on preferential basis; Non-Convertible Debentures in one or more trenches, by way of private placement to the Promoters or others and/or Inter Corporate Deposit/Loans. The board of directors at their meeting held on July 31, 2017, has approved for the same.

Tata Teleservices (Maharashtra) (TTML) is a part of the Tata Group. This telecom services company has its presence all over Maharashtra and Goa.

Tata Teleservice(Mah Share Price

45.65 1.81 (4.13%)
17-Apr-2026 16:59 View Price Chart
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