Tata Tele to issue Equity shares to the Government for its AGR dues
Tata Teleservices (Maharashtra) has opted to convert interest on AGR into equity, giving the government a share of 9.5% stake in the company .
- The company will issue the equity shares at Rs 41.50 per share.
- It is the second telecom company after Vodafone -Idea to issue shares in lieu of its AGR dues
- Tata Teleservices provides telecom services to enterprises.
For detail on the issue see yesterday post and click the link below
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