Tata Communications Raises Rs 465 Crore via Commercial Papers
26 Feb 2025 CW Team
Tata Communications has raised Rs 4.65 billion through the issuance of commercial papers, the company announced in a regulatory filing.
The instruments were issued on February 21, 2025, with a redemption date of May 23, 2025. The commercial papers are listed on the National Stock Exchange (NSE) as of February 24, 2025.
Each security carries a face value of Rs 5 lakh, with the company offering a 7.47% annual discount rate on the instruments.