No plans to raise equity, capex intensity soon: Tata Comm
Tata Communications reported 173 per cent jump in standalone net profit at Rs 114.12 crore for the first quarter ended June 30 versus a net profit of Rs 41.78 crore in the year-ago period. Sanjay Baweja, CFO, Tata Communication told NDTV Profit that the company will continue looking at interesting acquisition opportunities going forward. "We have no plans to raise equity as of now. Also, we are not going to increase our capex intensity in a big way," he said.
