The government has exited Tata Communications after selling 10 percent stake to Tata Sons' arm Panatone Finvest in an off-market trade. The government of India held 26.12 percent stake while Panatone Finvest had 34.80 percent, Tata Sons 14.07 percent and the remaining 25.01 percent was with the public before the transaction. The stake is part of the government's disinvestment process. The government has set a target to realise Rs 32,000 crore in this fiscal.
Tata Communications along with its subsidiaries is a leading global provider of A New World of Communications.
