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August 11th, 2018 10:01 AM 38 COMMENTS

Tata Tele Maharashtra to Raise Additional Fund of Rs 20,000 Crore Through Debt

Debt-ridden telecom firm Tata Teleservices Maharashtra has now received its board's approval to raise an additional fund of Rs 20,000 crore through debt instruments. "...the board of directors of the company at its meeting held on August 10, 2018, has approved raising of additional funds up to an aggregate amount of Rs 20,000 crore," Tata Teleservices (Maharashtra) said in a regulatory note, as reported by PTI. The fundraising will be... Read More

August 7th, 2018 6:27 PM 13 COMMENTS

Tata Tele Maharashtra Losses Narrow to Rs 454 Crore in June Quarter

Tata Teleservices Maharashtra today said its total comprehensive loss narrowed to Rs 454.46 crore for the three months ended June 30, 2018. The company, whose accumulated losses have exceeded its paid-up capital and reserves, said in a regulatory filing that it had secured a support letter from the promoters, indicating their willingness to organise for any liquidity shortfall in meeting financial obligations and repayment of debt. The company's total comprehensive... Read More

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