Tata Teleservices (Maharashtra) (TTML) has received an approval for raising of additional funds up to an aggregate amount of Rs 20,000 crore by issue of one or more types of securities/instruments/modes. The board of directors at its meeting held on October 18, 2017 has approved for the same.
The company will raise funds through Redeemable Preference Shares to the Promoters on preferential basis; and/or Non-Convertible Debentures in one or more tranches; and/or Inter Corporate Deposit/Loans and/or Commercial Papers from the Promoters and/or others.
Tata Teleservices (Maharashtra) (TTML) is a part of the Tata Group. This telecom services company has its presence all over Maharashtra and Goa.
