Tata Communications is currently trading at Rs. 307.00, up by 13.20 points or 4.49% from its previous closing of Rs. 293.80 on the BSE.
The scrip opened at Rs. 295.00 and has touched a high and low of Rs. 315.75 and Rs. 295.00 respectively. So far 115199 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 319.50 on 07-Jan-2014 and a 52 week low of Rs. 136.90 on 05-Aug-2013.
Last one week high and low of the scrip stood at Rs. 315.75 and Rs. 275.80 respectively. The current market cap of the company is Rs. 8591.33 crore.
The promoters holding in the company stood at 74.99% while Institutions and Non-Institutions held 19.14% and 5.87% respectively.
Vodacom has reportedly agreed to acquire Tata Communications’ stake in Neotel. The company will acquire Neotel for a cash consideration of $680 million. Moreover, the transaction may close before end of current fiscal.
Vodacom is a pan-African mobile telecommunications company, with the largest number of subscribers of cellular networks in South Africa.
Tata Communications is a leading global provider of a new world of communications. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and domain expertise across its global and pan-India network to deliver managed solutions to multi-national enterprises, service providers and Indian consumers.
