Tata Communications floats commercial papers to raise Rs 465 crore

Tata Communications has raised Rs 465 crore through the issuance of commercial papers dated February 21, maturing on May 23, 2025. These papers are listed on the National Stock Exchange with a face value of Rs 5 lakh each and a discount rate of 7....

By PTI | Updated: Feb 24, 2025, 10.08 PM IST

New Delhi, Tata Communications on Monday said it has issued commercial papers to raise Rs 465 crore. The commercial papers has been issued on February 21 with May 23, 2025 as date of redemption, the company said in a regulatory filing.

"Tata Communications Limited has issued and allotted Commercial Paper aggregating to an amount of Rs 465 crore. The said Commercial Paper is listed on National Stock Exchange of India Limited on February 24, 2025," the filing said.

The face value per security is Rs 5 lakh.

The company has offered a discount of 7.47 per cent per annum on the security.

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