Tatas may pump Rs. 2k cr more into Tata Tele.

The Tatas will have to invest another Rs. 2,000 crore in their loss-making wireless telephony firm, Tata Teleservices, as equity within the next two years to service its loans. This fund infusion will be in addition to the Rs. 2,480 crore already invested by the Tatas in January this year, which was used to pay off debt.

Bankers said the fund infusion by promoters was important for the company to repay its debt, which rose to Rs. 24,700 crore by December 2013.

BS