Tata Teleservices Snaps 14-Day Losing Streak After Dropping Plan To Convert Dues With Government Through Issue Of Equity

Shares of Tata Teleservices Maharashtra Ltd. snapped a 14-day streak in which the stock shed over 50%.

• The company dropped plans to convert telecom dues with the government through issue of equity.
• The decision was because the interest amount eligible for conversion was much lesser than expected.

Source: Exchange filing, Bloomberg

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