Tata Communications plans to raise Rs 17.5 billion via NCDs

Tata Communications Limited has announced its plans to issue non-convertible debentures (NCDs) to raise Rs 17.5 billion. The NCDs will mature three years from the deemed date of allotment, which is August 29, 2023. As per a regulatory filing, the issuance will be done on a private placement basis to eligible investors. A total of 175,000 NCDs with a face value of Rs 100,000 each will be issued by the company, taking the total to Rs 17.5 billion.