Tata Communications gains on inking partnership pact with Batelco

14 Oct 2013 Evaluate

Tata Communications is currently trading at Rs. 223.55, up by 0.65 points or 0.29% from its previous closing of Rs. 222.90 on the BSE.

The scrip opened at Rs. 222.00 and has touched a high and low of Rs. 224.30 and Rs. 222.00 respectively. So far 1,629 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 257.75 on 04-Jan-2013 and a 52 week low of Rs. 136.90 on 05-Aug-2013.

Last one week high and low of the scrip stood at Rs. 225.00 and Rs. 209.10 respectively. The current market cap of the company is Rs. 6,371.00 crore.

The promoters holding in the company stood at 74.99% while Institutions and Non-Institutions held 19.55% and 5.45% respectively.

Tata Communications has entered into partnership pact with Bahrain-based integrated communications company Batelco. The collaboration will facilitate the company to extend its connectivity footprint in the Middle East through latter’s well established and resilient global MPLS network.

The alliance will give both parties diversity in terms of choice of providers, and additionally support Tata Communications requirements for reliable connectivity in the Middle East region. Batelco customers will also benefit from the agreement as a result of extended international network reach through Tata Communications global network.

Tata Communications is a leading global provider of a new world of communications. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and domain expertise across its global and pan-India network to deliver managed solutions to multi-national enterprises, service providers and Indian consumers.

Tata Communications Share Price

1826.45 19.65 (1.09%)
21-May-2024 12:22 View Price Chart
Peers
Company Name CMP
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Tata Communications 1826.45
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