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TTML to raise Rs 350 billion via issue of shares and bonds

May 30, 2019
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Tata Teleservices Maharashtra Limited (TTML) is planning to raise Rs 350 billion via an issue of preferential shares to promoters and a bond issue.

In a notice to the stock exchanges, TTML has stated that the company’s board has approved raising Rs 150 billion via an issue of redeemable preference shares to promoters.

The company might raise the extra Rs 200 billion via non-convertible debentures in one or more tranches.

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