TTML to raise up to Rs 35,000 crore via equity, debt

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

30 May 2019 Evaluate

Tata Teleservices (Maharashtra) (TTML) will raise up to Rs 35,000 crore through preferential shares and non-convertible debentures.

Out of the total, the company has received board approval to raise Rs 15,000 crore from its promoters which include Tata Sons and its subsidiaries. The board of TTML has approved raising of the rest of Rs 20,000 crore through non-convertible debentures in one or more tranches.

TTML 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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