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Tata Communications rings loud on its arm’s plan of introducing 15,000 white-label ATMs in 3 years

24 Oct 2013 Evaluate

Tata Communications is currently trading at Rs. 227.35, up by 1.70 points or 0.75 % from its previous closing of Rs. 225.65 on the BSE.

The scrip opened at Rs. 226.00 and has touched a high and low of Rs. 229.85 and Rs. 225.10 respectively. So far 8325 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. 233.45 and Rs. 223.05 respectively. The current market cap of the company is Rs. 6498.00 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’ wholly owned subsidiary - Tata Communications Payment Solutions (TCPSL) is planning to introduce 15,000 Indicash white-label ATMs across the country over the next 3 years. 67% of these will be deployed in semi-urban and rural areas and 33% will be installed in metro and urban markets. Phase two of the roll out will be to offer value added and utility services to customers using Indicash ATMs and to introduce offers and third party promotions. TCPSL is also planning to open 100 new white-label ATMs in Kerala by the end of this year.

TCPSL has launched its first white-label ATM in Thane in June, has 350 units now in place. TCPSL is aiming to make ATM services available across urban, semi-urban and rural locations that have negligible or minimal banking infrastructure. TCPSL has tied up with Kerala based Federal Bank for cash supply and is talking to other banks also in this regard.

Tata Communications Share Price

1521.05 -41.30 (-2.64%)
17-Apr-2026 16:59 View Price Chart
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