Tata Communications floats commercial papers to raise ₹465 crore

Tata Communications on Monday said it has issued commercial papers to raise ₹465 crore.

The commercial papers have been issued on February 21 with May 23, 2025 as the date of redemption, the company said in a regulatory filing.

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“Tata Communications Limited has issued and allotted Commercial Paper aggregating to an amount of ₹465 crore. The said Commercial Paper is listed on National Stock Exchange of India Limited on February 24, 2025,” the filing said.

The face value per security is ₹5 lakh.

The company has offered a discount of 7.47 per cent per annum on the security.