Tata Teleservices Maharashta (TTML) has reportedly sought a waiver of its payment dues from its lenders. The company has applied for the waiver of the testing of the financial covenants, which is under consideration by the lenders.
TTML posted a total comprehensive loss of Rs 8194.67 crore in the September ended quarter compared to loss of Rs 452.82 crore in the same period last year. Its revenues dropped by about 29% to Rs 516.52 crore for the September end quarter when compared on a year on year basis.
