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Govt to sell stake and exit Tata Communications

Mar 14, 2021 10:23 IST | By Editorji News Desk

Govt is set to exit its entire 26.12% in Tata Communications as per a regulatory filing. 

Govt will offload 16.12% through an offer-for-sale (OFS) and the rest 10% will be sold to a Tata Sons investment company.

At the current value of Tata Communications shares the total value of the govt's stake is aover Rs 9,600 crore. 

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