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.
