Authorities exits Tata Communications

New Delhi, March 19

The government on Friday said it has exited Tata Communications after selling 10% stake to Tata Sons’ arm Panatone Finvest in an off-market trade.

The Government of India held 26.12% stake while Panatone Finvest had 34.80%, Tata Sons 14.07% and the remaining 25.01% was with the public before the transaction. — PTI

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