Tata Communications aims to raise Rs 1,750 cr through NCDs

New Delhi: Tata Communications Wednesday said it plans to raise Rs 1,750 crore through issuance of non-convertible debentures (NCDs).

The deemed date of allotment of the NCDs is August 29, 2023 and they will mature after three years of the allotment date.

Tata Communications in a regulatory filing said the issuance will be done on a private placement basis to eligible investors. The company will issue a total of 1,75,000 NCDs of face value Rs 1,00,000 each aggregating to ₹1,750 crore, the filing said.