Tata Teleservices locked in 5% lower circuit as company opts for equity conversion of AGR interest dues—what should investors do?
Tata Teleservices stock price: Shares of Tata Teleservices (Maharashtra) were locked in 5 per cent lower circuit on the BSE in Wednesday's intraday trade after the company on Tuesday said it will opt for conversion of the interest related to AGR dues into equity.
Nearly 3,000% return in one year: Tata Teleservices (Maharashtra), shares of which have surged nearly 3,000 % in the last one year, informed that post-conversion, the government holding is expected to be about 9.5 per cent in the company.