Tata Communications jumps on raising Rs 250 crore through Commercial Paper
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Tata Communications is currently trading at Rs. 1865.55, up by 34.15 points or 1.86% from its previous closing of Rs. 1831.40 on the BSE.
The scrip opened at Rs. 1833.60 and has touched a high and low of Rs. 1867.75 and Rs. 1820.00 respectively. So far 9942 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2085.00 on 03-Apr-2024 and a 52 week low of Rs. 1515.50 on 30-Jun-2023.
Last one week high and low of the scrip stood at Rs. 1885.65 and Rs. 1820.00 respectively. The current market cap of the company is Rs. 53111.18 crore.
The promoters holding in the company stood at 58.86%, while Institutions and Non-Institutions held 31.37% and 9.77% respectively.
Tata Communications has raised Rs 250 crore through Commercial Paper. The said Commercial Paper will be redeemed on September 17, 2024. The said Commercial Paper has been listed on National Stock Exchange of India on June 19, 2024. The commercial Paper has issued at 7.16% p.a. discount rate.
Tata Communications along with its subsidiaries is a leading global provider of A New World of Communications.
