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Tata Teleservices (Maharashtra) board extends term of redemption of preference shares issued to Tata Teleservices

22-Jul-2026 | 15:48
At meeting held on 22 July 2026

The board of Tata Teleservices (Maharashtra) at its meeting held on 22 July 2026 has approved further extension of the term of redemption till 17 October 2036, in respect of the 20,18,00,000 - 0.1% Non-Cumulative Non-Convertible Redeemable Preference Shares (RPS) of Rs. 100/- each aggregating to Rs. 2,018 crore, issued to Tata Teleservices on 18 October 2016, subject to obtaining the requisite consent / approvals, if applicable. The said RPS are non-convertible.