New Delhi: Tata Communications board will consider a proposal to raise funds through non-convertible debentures on July 18.
Tata Communications said that as part of its debt management framework, the company refinances its debt from time to time and sometimes before the scheduled maturity to achieve the objectives stated in the framework.
"Accordingly, the proposal to raise funds through issuance of non-convertible debentures (NCDs) will be placed before the board of directors for consideration on July 18, 2024," the company said in a regulatory filing.
Tata Communications manages its balance sheet sustainability through a debt management framework, which 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.
"Financial stability is aimed at maintaining a uniform debt maturity schedule and an adequate mix of debt instruments providing access to a diverse pool of lenders across the different geographic regions in which the company and its subsidiaries operate," it said.
Mitigating the risk associated with debt takes into account interest rate risk, currency volatility and liquidity risk (refinancing) and aims to create a natural hedge against business cash flows.
Tata Communications said that as part of its debt management framework, the company refinances its debt from time to time and sometimes before the scheduled maturity to achieve the objectives stated in the framework.
"Accordingly, the proposal to raise funds through issuance of non-convertible debentures (NCDs) will be placed before the board of directors for consideration on July 18, 2024," the company said in a regulatory filing.
Tata Communications manages its balance sheet sustainability through a debt management framework, which 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.
"Financial stability is aimed at maintaining a uniform debt maturity schedule and an adequate mix of debt instruments providing access to a diverse pool of lenders across the different geographic regions in which the company and its subsidiaries operate," it said.
Mitigating the risk associated with debt takes into account interest rate risk, currency volatility and liquidity risk (refinancing) and aims to create a natural hedge against business cash flows.
