Tata Group firm Tata Teleservices Maharashtra (TTML) today said it will raise $250 million (nearly Rs 1,201.74 crore) from domestic and foreign markets by issuing shares and bonds.
The board of directors would seek shareholders' approval to raise $250 million through Foreign Currency Convertible Bonds, American Depository Receipts and Global Depository Receipts, TTML said in a filing to the Bombay Stock Exchange.
The company would also raise fund by private placement of shares with qualified institutional buyers, the filing added.
Shares of Tata Teleservices Maharashtra were trading at Rs 35.95 on BSE, up 1.84 per cent from previous close.
