Tata Tele Gets Nod to Raise Funds

The Economic Times - - Companies -

Mumbai: Tata Te­le­ser­vices (Ma­ha­rash­tra) said on Mon­day its board ap­proved a pro­posal to raise up to .₹ 1,300 crore through a mix of pref­er­ence shares and deben­tures. The plan in­cludes is­sue of re­deemable pref­er­ence shares to pro­moter Tata Te­le­ser­vices and/ or non-con­vert­ible deben­tures in one or more tranches by way of pri­vate place­ment to the pro­moter or oth­ers, the com­pany said in a fil­ing with bourses.—

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