TataTele Maharashtra plans early redemption of Rs 750-cr bonds

Image
Press Trust of India New Delhi
Last Updated : Dec 08 2017 | 8:05 PM IST
Telecom operator Tata Teleservices (Maharashtra) Limited, which is in the process of merging its business with Bharti Airtel, plans to seek early redemption of bonds worth Rs 750 crore.
"The proposal regarding early redemption of the... unsecured, unlisted, non-convertible debentures of the company will be sent to the board of directors... for consideration and approval on or after December 27, 2017," the company said in a BSE filing today.
TTML listed three bonds worth of Rs 250 crore issued on May 22, 2015, for redemption, the timeline of which is May 22 of 2018, 2019 and 2020.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 08 2017 | 8:05 PM IST

Next Story