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TTSL approaches SBI-led consortium for debt restructuring

June 27, 2017

Tata Teleservices Limited (TTSL) has approached a lender consortium led by the State Bank of India (SBI) for restructuring its outstanding debt of Rs 320 billion.

TTSL has reportedly sought an extended maturity of 20 years for repayments, and a request for a fresh loan of Rs 50 billion for its operational and capital expenditure needs.

TTSL is the operator seeking debt restructuring. Earlier, Reliance Communications had received the nod from lenders under the joint lender forum (JLF) scheme by the Reserve Bank of India, allowing it to postpone its loan repayment obligations for seven months.

 
 

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