News > Tata Teleservices stocks hit 5% lower circuit for 2nd straight session
Tata Teleservices stocks hit 5% lower circuit for 2nd straight session
Business Standard | 13/01/2022 08:54 PM | Click to read full article
Shares of Tata Teleservices have hit the five per cent lower circuit for the second consecutive session on Thursday as the company on Tuesday decided to opt for conversion of the interest from adjusted gross revenue (AGR) dues into equity.
Post conversion of dues into equity, the Centre is expected to hold a 9.5 per cent stake in the company, it said in a regulatory filing on Tuesday.
