Board of Directors of Tata Teleservices (Maharashtra) has approved the proposal to raise up to 1300 crore through a mix of preference shares and debentures. The Board of Directors of the company, at its meeting held on July 31, 2017, has considered and approved to raise funds up to an aggregate amount of 1300 crore by issuing one or more types of the following securities/instruments.

These instruments include redeemable preference shares to Tata Teleservices Ltd (promoter) on preferential basis; and/or non-convertible debentures in one or more tranches by way of private placement to the promoters or others; and/or inter corporate deposit/loans.


 

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