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IFCI sells 1,581,715 shares of Tulip Telecom

15 Oct 2012 Evaluate

IFCI has sold 1,581,715 shares of Tulip Telecom in an open market transaction on National Stock Exchange (NSE) at Rs 35.20 per share on October 12, 2012.

Recently, Religare Finvest had sold 896,708 shares of Tulip Telecom in an open market transaction on NSE at Rs 41.00 per share on October 09, 2012.

Tulip Telecom is India’s leading Enterprise Data Services provider. The company’s data network has the largest reach of over 2,000 locations globally. The company designs, implements and manages communications networks of large enterprises on long term contracts to include enterprise communications connectivity, network integration, managed services and data centers.

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