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Tata Communications board will consider the proposal to raise funds through NCDs on July 18
The board of Tata Communications will consider the proposal to raise funds through non-convertible debentures (NCDs) on July 18, 2024. Tata Communications manages its balance sheet stability through a debt management framework that aims to balance the need for financing with the long-term goal of maintaining financial stability cost-effective financing and reducing the risks associated with debt.
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“Tata Communications board will consider the proposal to raise funds through NCDs on July 18”
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12 Jul 2024
Tata Communications looks to custom-make its debt framework. The company told the exchanges that the proposal of raising funds through non-convertible debentures would be considered by its board on July 18, 2024.
This move is in line with the established debt management framework for Tata Communications. This framework guides its refinancing activities, allowing them to adjust the portfolio strategically in pursuit of certain goals.
The framework will be oriented towards a balanced debt maturity schedule and a diversified mix of instruments of debt. It will ensure long-term financial stability and access to a diversified pool of lenders across different sectors.
