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Tatas’ stake in Tata Communications will rise to 59%

Sumary of Tatas’ stake in Tata Communications will rise to 59%:

  • According to the contours of the deal, after selling 16.1% stake through the OFS, the government will sell the remaining 10% in Tata Comm to its current main promoter Tata Sons, which will see its stake rise to about 59% in the company…
  • After the completion of the deal in its present form, Tata Comm will be the second listed Tata operating company in which the promoter will have the highest stake…
  • Tata Sons acquired Tata Comm (earlier known as VSNL) from the government in February 2002, beating Reliance offer…….

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