TTML plans to raise $200 million through FCCB route
October 15, 2007
Tata Teleservices (Maharashtra) Limited (TTML) is planning to raise around $200 million through foreign currency convertible bonds (FCCBs). The company intends to use the funds for expansion in the Mumbai and Maharashtra circles.
The funds will also be used to launch new handsets and value-added services in these circles.
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