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Tata Comm gets $83 mn for Tata Tele stake

Tata Comm gets $83 mn for Tata Tele stake
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First Published: Wed, Mar 25 2009. 02 14 PM IST
Updated: Wed, Mar 25 2009. 02 14 PM IST
New Delhi: India’s Tata Communications said on Wednesday it had received Rs4.24 billion ($83 million) from selling some of its stake in group firm Tata Teleservices.
Tata Communications did not say the size of the stake it had sold in the mobile operator.
Earlier this month, a senior company official said Tata Communications had a 15% stake Tata Teleservices and would be selling 0.6% to Japan’s NTT DoCoMo, which is buying a total 26% stake in Tata Teleservices.
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First Published: Wed, Mar 25 2009. 02 14 PM IST