TTML's FCCBs converted into shares
The Free Press Journal — March 15, 2005

Tata Teleservices Maharashtra Ltd said that out of the total 125 million dollars FCCBs issued by the company in June, 2004, those worth 32.31 million dollars have so far been converted into equity shares. The board of the company on Monday approved another issue and allotment of an aggregate of 75,51,122 equity shares of Rs 10 each to investors who have exercised their right to convert 4,244,000 FCCBs held by them into equity shares, TTML informed Bombay Stock Exchange. The equity shares were allotted at a issue price of Rs 24.96 per share in accordance with the terms of the FCCB issue, it added.