Tata Teleservices rights issue approved in 2 : 25 ratio

By The board of directors | 22 Dec 2005

The board of directors of Tata Teleservices Maharashtra Ltd at their meeting held today have approved the rights issue of equity shares of Rs10 each at an issue price between Rs25 and Rs
27 in the ratio of two shares for every 25 shares

The board has constituted a committee of directors to work out the modalities of the proposed rights issue, including the pricing.