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TTML planning to raise Rs 20,000 crore through debt instruments

08 Aug 2018 Evaluate

Tata Teleservices (Maharashtra) (TTML) is planning to raise funds up to an aggregate amount of Rs 20,000 crore by issue of one or more types of the securities/instruments/modes, such as Redeemable Preference Shares to the Promoter/s on preferential basis, Non-Convertible Debentures in one or more tranches and/or Inter Corporate Deposit/Loans from the Promoters and/or others.

The meeting of the Board of Directors of the company will be held on August 10, 2018, to consider the same.

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


Peers
Company Name CMP
Bharti Airtel 1832.00
Vodafone Idea 14.96
Indus Towers 387.65
Tata Communications 1763.25
Railtel Corp. India 259.85
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