TTL is jointly promoted by Telecommunications Consultants India Ltd (TCIL), which holds 30.67 per cent equity in the company, Tamil Nadu Industrial Development Corporation (TIDCO) (29.49 per cent), Japanese firm Fujikura (14.47 per cent) and the general public (25.37 per cent).
The plan involves TCIL enhancing its equity share capital in the company to take a majority 51 per cent stake as well as provide bridge loans to the company.
TTL, having eroded its networth with accumulated losses of Rs 33 crore as against a paid-up capital of Rs 22.66 crore, is currently registered with the Board for Industrial and Financial Reconstruction (BIFR), which had ordered the operating agency
