Tata Communications Q1: Profit slides 30% YoY to Rs 382 cr on higher interest costs

Data business revenues came in at Rs 3,912 crore, recording an increase of 17% year-on-year, while underlying data revenue growth came in at 14% YoY. The Board has approved the proposal for raising funds through issuance of non-convertible debentures (NCDs) on private placement basis, for an amount up to Rs 1,800 crore.

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