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TTML touches the roof on planning to seek early redemption of bonds worth Rs 750 crore

11 Dec 2017 Evaluate

Tata Teleservices (Maharashtra) (TTML) is currently trading at its upper circuit limit of Rs. 7.06, up by 0.33 points or 4.90% from its previous closing of Rs. 6.73 on the BSE.

The scrip opened at Rs. 6.84 and has touched a high and low of Rs. 7.06 and Rs. 6.84 respectively. So far 218021 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 10.99 on 07-Nov-2017 and a 52 week low of Rs. 3.75 on 11-Oct-2017.

Last one week high and low of the scrip stood at Rs. 7.20 and Rs. 6.35 respectively. The current market cap of the company is Rs. 1380.18 crore.

The promoters holding in the company stood at 74.36%, while institutions and non-institutions held 0.63% and 25.01% respectively.

Tata Teleservices (Maharashtra) 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.

Tata Teleservice(Mah Share Price

45.65 1.81 (4.13%)
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