Tata Communications is currently trading at Rs. 298.65, up by 1.55 points or 0.52 % from its previous closing of Rs. 297.10 on the BSE.
The scrip opened at Rs. 300.00 and has touched a high and low of Rs. 302.95 and Rs. 297.00 respectively. So far 75921 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 319.50 on 07-Jan-2014 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. 299.40 and Rs. 260.10 respectively. The current market cap of the company is Rs. 8502.98 crore.
The promoters holding in the company stood at 74.99 % while Institutions and Non-Institutions held 19.40 % and 5.61 % respectively.
Tata Communications is planning to sell its fixed line telephone business -- Neotel -- in South Africa to Vodacom. The deal could fetch around $450-500 million. The two companies had started negotiations in September after Tata Communications took a decision to exit the market last year as part of its strategy to focus on core area of providing international telephony services.
Tata Communications had acquired 68 per cent stake in Neotel in 2009 after the South African government deregulated the telecoms market. Nexus Connection and Communitel are other investors in Neotel.
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.
| Company Name | CMP |
|---|---|
| Bharti Airtel | 1428.75 |
| Vodafone Idea | 16.73 |
| Indus Towers | 340.80 |
| Tata Communications | 1868.90 |
| Bharti Hexacom Ltd. | 1078.00 |
| View more.. | |
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