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Board of Tata Teleservices (Maharashtra) approves preferential issue of preference shares to Tata Teleservices

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At meeting held on 25 June 2016

Tata Teleservices (Maharashtra) announced that the Board of Directors of the Company at its meeting held on 25 June 2016, has considered and approved issue of Redeemable Preference Shares upto an amount of Rs. 3,000 crore to Tata Teleservices (Promoter) on preferential basis pursuant to provisions of the Companies Act, 2013 and subject to approval of the Shareholders.

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First Published: Jun 25 2016 | 4:41 PM IST

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