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Tata Communications Raises Rs 465 Crore Via Commercial Papers

The face value per security is Rs 5 lakh.

PTI

Tata Communications has issued commercial papers with face value per security set at Rs 5 lakh. (Photo Source: Vijay Sartape/NDTV Profit)

Tata Communications on Monday said it has issued commercial papers to raise Rs 465 crore.

The commercial papers has been issued on Feb. 21 with May 23, 2025 as date of redemption, the company said in a regulatory filing.

"Tata Communications Ltd. has issued and allotted Commercial Paper aggregating to an amount of Rs 465 crore. The said Commercial Paper is listed on National Stock Exchange of India Limited on Feb. 24, 2025," the filing said.

The face value per security is Rs 5 lakh. The company has offered a discount of 7.47% per annum on the security.

Also Read: Mahindra Lifespace To Raise Up To Rs 1,500 Crore Via Rights Issue To Cut Debt, Aid Growth

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