Securities Trading Corporation of India (STCI) has acquired a minority stake in Tulip Telecom by purchasing 77.50 lakh shares accounting for over 5.34 percent stake in the company.
STCI was set up as a subsidiary of Reserve Bank of India in May 1994, with the objective of fostering an active secondary market in the Government of India Securities and Public Sector bonds.
Tulip Telecom is a data telecom service and IT solutions provider. The company offers an innovative IP based infrastructural solutions to its customers.
