Tata Communications is currently trading at Rs. 380.35, down by 37.75 points or 9.03% from its previous closing of Rs. 418.10 on the BSE.
The scrip opened at Rs. 415.00 and has touched a high and low of Rs. 415.00 and Rs. 370.25 respectively. So far 131239 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 504.90 on 15-Apr-2015 and a 52 week low of Rs. 344.30 on 26-Sep-2014.
Last one week high and low of the scrip stood at Rs. 428.95 and Rs. 370.25 respectively. The current market cap of the company is Rs. 10861.35 crore.
The promoters holding in the company stood at 74.99% while Institutions and Non-Institutions held 18.67% and 6.34% respectively.
The search engine giant Google Inc and e-commerce behemoth Amazon are reportedly in talks with the Tata Group to purchase the data centre business of Tata Communications. The deal is expected to fetch the company around Rs 4,261.4 crore-Rs 4,589.2 crore.
The two gigantic global firms are competing with bulge-bracket private equity funds including the Blackstone Group, Carlyle, KKR, Bain Capital and Advent International, who are all looking to buy up to 74% stake in the data centre unit and take control of the business that is spread across 44 locations in India and abroad.
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.
| Company Name | CMP |
|---|---|
| Bharti Airtel | 1846.55 |
| Vodafone Idea | 9.62 |
| Indus Towers | 412.35 |
| Tata Communications | 1521.05 |
| Bharti Hexacom Ltd. | 1538.30 |
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