Tata Teleservices (Maharashtra) (TTML) is planning to raise up to Rs 20,000 crore through issuance of preference shares to promoters or via bonds. The company’s board will meet on October 18 to consider the fundraising.
The fundraising will be done through the issue of one or more types of instruments including redeemable preference shares to promoters, non-convertible debentures in one or more tranches, and/or inter-corporate deposit/loans from the promoters and others.
TTML is a part of the Tata Group. This telecom services company has its presence all over Maharashtra and Goa.
