This has reference to Tata Communications Limited's letter No. HQ/CS/CL.24B dated April 12, 2020. The Board of Directors at its Meeting held on 15 April 2020 has approved fund raising by way of private placement of Rated, Secured, Listed, Redeemable Non-Convertible Debentures ("NCDs") for INR 5,000 million + Green Shoe Option of INR 1,500 million. The Board has approved the issue on following key terms and conditions: Instrument: Rated, Secured, Listed, Redeemable Non-Convertible Debentures ("NCDs"). Sole Arranger: Axis Bank Ltd. Debenture Trustee: IDBI Trusteeship Services Limited - SEBI approved Debenture Trustee. Tenor: 3 years from the Deemed Date of Allotment. Redemption Bullet redemption at the end of the Tenor (36 months). End Use of Issue Proceeds: Proceeds of the Issue will be used for: Refinancing of existing debt, and/or -
General corporate purpose, and/or - Working Capital, and/or - Capital Expenditure incurred in the last 12 months. Coupon & Arrangement Fee: Coupon - 7.48% per annum Arrangement Fee- 0.25% flat on the issue size subscribed.
Tata Communications Limited is an India-based company, which is a global digital ecosystem enabler. It offers digital transformation of enterprises globally. The Companyâs segments include Voice Solutions, Data Services, Payment Solutions, Transformation Services, Real Estate and Campaign Registry. The Voice Solutions segment includes international and national long distance voice services. The Data Services segment includes core and Nextgen connectivity services, digital platforms and connected services. The Payment Solutions segment includes end-to-end automated teller machine (ATM) deployment, end-to-end point of sale (POS) enablement, hosted core banking, end to end financial inclusion and card issuance and related managed services and switching services to the banking sector. The Transformation Services segment includes the business of providing telecommunication network management and support services. The Real Estate segment includes lease rentals for premises given on lease.