The Government of India has intended to disinvest its entire shareholding of 26.12 per cent paid up equity capital of Tata Communications, through Offer for Sale (OFS) method of shares by promoters through the stock exchanges and thereafter to the Strategic Partner Panatone Finvest.
As per the shareholding pattern of Tata Communications, the promoters hold 74.99 per cent in the company. Of this, the Government of India holds 26.12 per cent stake, while Panatone Finvest has 34.80 per cent and Tata Sons 14.07 per cent. The remaining 25.01 per cent is with the public.
Tata Communications along with its subsidiaries is a leading global provider of A New World of Communications.
