Tata Teleservices Maharashtra Ltd approves issue of RPS

The Board of Directors of Tata Teleservices (Maharashtra) Ltd at its meeting held on June 25, 2016, has considered and approved issue of Redeemable Preference Shares upto an amount of Rs. 3,000 Crores to Tata Teleservices Limited (Promoter) on preferential basis pursuant to provisions of the Companies Act, 2013 and subject to approval of the Shareholders.

Shares of TATA TELESERVICES (MAHARASHTRA) LTD. was last trading in BSE at Rs.6.48 as compared to the previous close of Rs. 6.71. The total number of shares traded during the day was 426576 in over 674 trades.

The stock hit an intraday high of Rs. 6.56 and intraday low of 6.19. The net turnover during the day was Rs. 2733470.

Source : Equity Bulls

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