This will be done through redeemable preference shares. Tata added in the notification that it did not approve the investment through the compulsory convertible preference route. The board had met on June 25th to discuss terms of investment into TTML, and it is subjected to all shareholders and regulatory approval.

Tata Sons approves Rs 3,000 Cr investment in Tata Teleservices Maharashtra Limited

Leave a Reply

Your email address will not be published. Required fields are marked *