The Competition Commission of India (CCI) has approved acquisition of shares of Tata Communications (TCL) by Panatone Finvest. The proposed deal envisages acquisition of shareholding not exceeding 26.12 per cent by Panatone Finvest in Tata Communications. The Government of India looks to divest its 26.12 per cent equity stake in TCL. The Cabinet Committee on Economic Affairs (CCEA) on December 30, 2020 approved sale of stake in TCL.
After the acquisition of shares, Panatone Finvest would increase its shareholding from 48.87 per cent to such shareholding not exceeding 74.99 per cent.
Tata Communications along with its subsidiaries is a leading global provider of A New World of Communications.
| Company Name | CMP |
|---|---|
| Bharti Airtel | 1846.55 |
| Vodafone Idea | 9.62 |
| Indus Towers | 412.35 |
| Tata Communications | 1521.05 |
| Bharti Hexacom Ltd. | 1538.30 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: