TTML plans early redemption of bonds worth Rs 750 crore

Tata Teleservices (Maharashtra) Ltd. | Telecommunication - Service Provider | Telecom | BSE: 532371 | NSE: TTML

11 Dec 2017 Evaluate

Tata Teleservices (Maharashtra) (TTML) is planning to seek early redemption of bonds worth Rs 750 crore. The company listed three bonds worth of Rs 250 crore issued on May 22, 2015, for redemption, the timeline of which is May 22 of 2018, 2019 and 2020.

The board of directors will meet on or after December 27, 2017 to consider a proposal regarding early redemption of the unsecured, unlisted, non-convertible debentures.

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

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