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Tata Communications jumps on extending partnership with SEACOM

02 Mar 2020 Evaluate

Tata Communications is currently trading at Rs. 369.10, up by 9.15 points or 2.54% from its previous closing of Rs. 359.95 on the BSE.

The scrip opened at Rs. 363.65 and has touched a high and low of Rs. 370.10 and Rs. 360.40 respectively. So far 1047 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 465.00 on 28-Nov-2019 and a 52 week low of Rs. 256.88 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 399.00 and Rs. 357.30 respectively. The current market cap of the company is Rs. 10519.35 crore.

The promoters holding in the company stood at 74.99%, while Institutions and Non-Institutions held 19.42% and 5.60% respectively.

Major Pan-African telecommunications service provider, SEACOM, and Tata Communications have joined forces to offer high-speed, reliable pathways between Africa, Europe and Asia to meet the growing demand for connectivity linking these regions.

Reflecting the increasing appetite for investment into Africa, this partnership allows SEACOM and Tata Communications to leverage each other's regional and global networks to address enterprises' connectivity requirements. SEACOM's dedicated subsea cable system runs up the east coast of Africa and connects to India in Mumbai. Given Tata Communications' strong presence in the Indian subcontinent, SEACOM customers can connect seamlessly onwards into business hubs such as Beijing, Hong Kong, and Singapore in Asia as well as Marseille, London, Frankfurt and Amsterdam in Europe, with Tata Communications' wholly owned global Tier-1 Internet Protocol (IP) network.

Tata Communications along with its subsidiaries is a leading global provider of A New World of Communications.

Tata Communications Share Price

1515.00 -6.05 (-0.40%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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Indus Towers 405.90
Tata Communications 1515.00
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