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Tata Communications trades higher on planning to raise funds by way of private placement

13 Apr 2020 Evaluate
Tata Communications is currently trading at Rs. 312.40, up by 24.75 points or 8.60% from its previous closing of Rs. 287.65 on the BSE.

The scrip opened at Rs. 309.00 and has touched a high and low of Rs. 314.70 and Rs. 290.40 respectively. So far 12442 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 465.00 on 28-Nov-2019 and a 52 week low of Rs. 205.70 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 314.70 and Rs. 225.05 respectively. The current market cap of the company is Rs. 8515.80 crore.

The promoters holding in the company stood at 74.99%, while Institutions and Non-Institutions held 19.42% and 5.60% respectively.

Tata Communications is planning for fund raising by way of private placement of Rated, Secured, Listed, Redeemable Non-Convertible Debentures (NCDs) for Rs 500 crore + Green Shoe Option of Rs 150 crore to be issued and allotted as may be decided by the Board of Directors or a committee. The meeting of the Board of Directors of the company is scheduled to be held on April 15, 2020, to consider the same.

Tata Communications along with its subsidiaries is a leading global provider of A New World of Communications.

Tata Communications Share Price

1513.50 -1.50 (-0.10%)
21-Apr-2026 16:59 View Price Chart
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