Tata Teleservices to fix ratio for rights issue

Telecommunication service provider Tata Teleservices Maharashtra Ltd will fix the ratio for a proposed rights issue of equity shares today.

Mumbai, Oct 13: Telecommunication service provider Tata Teleservices Maharashtra Ltd will fix the ratio for a proposed rights issue of equity shares today.
The company informed the Bombay Stock Exchange that the entitlement ratio for the rights issue would be fixed at a meeting to be held on October 13.

The price for the issue of shares of Rs 10 each on rights basis and the record date for the issue, would also be fixed at the meeting, the company said.

Shares of the Mumbai-based company were trading at Rs 20.20 on the BSE, up 4.66 per cent.

Bureau Report

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