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Tata Teleservices (Maharashtra) Limited ( (IN:TTML) ) just unveiled an announcement.
Tata Teleservices (Maharashtra) Limited has notified the stock exchange that it does not qualify as a large corporate under the applicable borrowing criteria for the latest financial year. The company reported a reduction in outstanding long-term borrowings from Rs. 4,053 crore at the start of the year to Rs. 3,453 crore at year end, an AA- highest credit rating, and no borrowings via debt securities, indicating a deleveraging trend and a relatively stable credit profile for stakeholders to assess.
More about Tata Teleservices (Maharashtra) Limited
Tata Teleservices (Maharashtra) Limited operates in the Indian telecommunications and connectivity services industry, offering enterprise and data services to corporate and business customers. The company focuses on providing communications solutions within Maharashtra and Goa, competing in a sector where capital structure and credit quality are closely watched by lenders and investors.
Average Trading Volume: 461,708
Technical Sentiment Signal: Hold
Current Market Cap: 85.29B INR
For a thorough assessment of TTML stock, go to TipRanks’ Stock Analysis page.