India’s Tata Teleservices to issue up to Rs. 200 billion of debentures

By Tali Rackner

Minneapolis, Oct. 18 – Tata Teleservices (Maharashtra) Ltd. informed the Bombay Stock Exchange that its board of directors met on Wednesday and approved the issue of up to Rs. 200 billion of debentures.

The debentures may be issued in the form of: redeemable preference shares to the promoters on a preferential basis; non-convertible debentures in one or more tranches and/or inter corporate deposit/loans; and/or commercial papers from the promoters and/or others.

Tata Teleservices is a mobile phone company based in Mumbai, India.

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