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Business News/ Companies / Telecom | DoCoMo, Tata open offer for TTML from 19 February
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Telecom | DoCoMo, Tata open offer for TTML from 19 February

Telecom | DoCoMo, Tata open offer for TTML from 19 February

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New Delhi: Japan’s NTT DoCoMo Inc. and India’s Tata Sons Ltd will make their joint open offer for 20% of Tata Teleservices (Maharashtra) Ltd (TTML) from 19 February, the manager to the offer, Lazard India Pvt. Ltd, said on Wednesday.

The offer, which was slated to start on 8 January, had been delayed as the firms were waiting for approval from the market regulator Securities and Exchange Board of India.

The offer price has been fixed at Rs24.70 a share.

Lazard said in a statement to the stock exchange that the offer would close on 12 March and the last date for revising the offer price was 27 February.

—Reuters

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Published: 12 Feb 2009, 12:19 AM IST
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