NEW DELHI: Tata Communications has announced that its board will deliberate on a proposal to raise funds through Non-Convertible Debentures (NCDs) on July 18. This move aligns with the company’s ongoing debt management strategy, which includes refinancing debt periodically and sometimes ahead of scheduled maturities to meet its financial objectives.

The company stated, “A proposal to raise funds through the mode of issuance of Non-Convertible Debentures (NCDs) will be placed for consideration before the Board of Directors at its upcoming meeting on July 18, 2024.” This development was disclosed in a regulatory filing.

Tata Communications’ proactive approach to debt management aims to ensure financial stability and flexibility as it navigates its growth and operational needs.

Key Highlights:

• Board Meeting Date: July 18, 2024
• Fundraising Proposal: Issuance of Non-Convertible Debentures (NCDs)
• Debt Management: Part of the company’s strategy to refinance debt periodically and ahead of maturities
• Objective: Achieve financial goals outlined in the debt management framework

This strategic move is part of Tata Communications’ effort to maintain robust financial health and optimize its capital structure.