Corporate News     18-Oct-17
Board of Tata Teleservices (Maharashtra) approves fund raising up to Rs 20000 cr
At meeting held on 18 October 2017
Tata Teleservices (Maharashtra) announced that the Board of Directors of the Company at its meeting held on 18 October 2017 has approved raising of additional funds upto an aggregate amount of Rs. 20,000 crore by issue of one or more types of the following securities/instruments/modes in accordance with the applicable provisions of the Companies Act, 2013 and Listing Regulations, subject to approval of the Members either by way of Postal Ballot or at the Extraordinary General Meeting:

1. Redeemable Preference Shares to the Promoters on preferential basis; and/or
2. Non-Convertible Debentures in one or more tranches; and/or
3. Inter Corporate Deposit/Loans and/or Commercial Papers from the Promoters and/or others.

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