Tata Communications’ board has approved fund raising by way of private placement of Rated, Secured, Listed, Redeemable Non-Convertible Debentures (NCDs) for Rs 500 crore plus Green Shoe Option of Rs 150 crore. The Board of Directors of the company at its Meeting held on April 15, 2020 has approved the same.
Tata Communications along with its subsidiaries is a leading global provider of A New World of Communications.