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

08 Aug 2018 Evaluate

Tata Teleservices (Maharashtra) is currently trading at Rs. 5.15, up by 0.10 points or 1.98% from its previous closing of Rs. 5.05 on the BSE.

The scrip opened at Rs. 5.05 and has touched a high and low of Rs. 5.29 and Rs. 5.05 respectively. So far 106329 shares were traded on the counter.

The BSE group 'B' 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. 5.49 and Rs. 4.70 respectively. The current market cap of the company is Rs. 1008.74 crore.

The promoters holding in the company stood at 74.36%, while Institutions and Non-Institutions held 0.49% and 25.15% respectively.

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.

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