Tata Communications plans to raise Rs 1,750cr via NCD issuance

Tata Communications, a part of Tata Group, Wednesday said it plans to raise ₹1,750 crore through issuance of non-convertible debentures (NCDs).

The deemed date of allotment of the NCDs is August 29 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 175,000 NCDs of face value ₹1,00,000 each aggregating to ₹ 1,750 crore, the filing said.