Mistry's conduct, Tata Sons said, "resulted in erosion of the market value of the Tata group companies, which has consequently resulted in harm to Tata Sons".
The company will sell five-year bonds at 7.77%, the company said in a notification to stock exchanges.
Efficiency, effectiveness and cost control will be the focus areas for telcos in the New Year, when the number of data users is likely to surge.
Gliddon said the company has tied up with Bharat Financial Inclusion and Muthoot MFI for disbursement, collection and digitisation of loans.
"And these days are very lonely because the newspapers are full of attacks, most of them unsubstantiated but nevertheless very painful," he said.
The petitioners were two investments firms managed by the family of Cyrus Mistry, the former chairman of Tata Sons, who was ousted on 24th October.
Mistry said he would decide on it and inform the board, even as Ratan Tata said the decision, to a great extent, would be Mistry’s prerogative, the petition says.
The court was hearing a petition filed by Docomo seeking enforcement of a $1.2 billion arbitration award in the company’s favour.
The board had discussed possibility of requesting banks to convert a part of their debt into TTSL equity and if necessary provide a back stop for the same.
Tata Teleservices’ financial struggles had prompted the Japanese company to seek an exit.
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