New Delhi: The government has sought bids from merchant bankers for selling its full shareholding of 26.12% in Tata Communications<\/a> Ltd, earlier known as VSNL<\/a>, through an offer for sale.

Bids have been sought by February 3, while the transaction is targeted for completion by March 20. Part of the shareholding will be sold through an offer for sale and rest, including leftover from the OFS, will be given to strategic partner - Panatone
Finvest<\/a> Ltd - the government said Tuesday.

“The GoI (Government of India) intends to disinvest its entire shareholding of 26.12 per cent paid up equity capital of
TCL<\/a>, through Offer for Sale (OFS) method of shares by promoters through the stock exchanges and thereafter to the Strategic Partner,” the Department of Investment and Public Asset Management (DIPAM) said in a notice issued Tuesday.

Panatone
Finvest<\/a> Ltd would be “obliged to buy the offered shares” at the OFS discovered price, DIPAM added.

Shares of
Tata Communications<\/a> closed at Rs 1,129.95, up 1.08% over previous close on the Bombay Stock Exchange<\/a> on Tuesday.

At the current market price, 26.12% in the firm would fetch the exchequer around Rs 8,400 crore.
<\/p>

Read also<\/h4>
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Spam War: Telcos to soon filter out unregistered commercial SMSes<\/a><\/h5><\/div>
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Tata Communication 3Q net profit surges in year, but down 20% on quarter<\/a><\/h5><\/div><\/div><\/div>
The government has mopped up Rs 15,220 crore from disinvestment proceeds so far in the current fiscal.

The government has set a disinvestment target of Rs 2.10 lakh crore for fy 2020-21, of which Rs 1.20 lakh crore is to come from minority stake sale in CPSEs and Rs 90,000 crore from stake sales in state-run financial institutions.

Public sector
VSNL<\/a> was privatised in the year 2002 by disinvesting 25% shareholding along with transfer of management control to Panatone Finvest Ltd, the strategic partner.

Subsequent to the strategic disinvestment, the name of the company was changed to Tata Communications Ltd (
TCL<\/a>).

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政府寻求投标银行家塔塔通信股份出售

报价已经被2月3日寻求,而事务目标在3月20日完成。股权的一部分将通过出售要约出售和休息,包括从OFS,剩下的将会给战略合作伙伴——Panatone Finvest有限公司——政府周二说。

  • 发表在2021年1月20日,是坚持
阅读: 100年行业专业人士
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新德里:政府已经从商人银行家寻求投标出售其全部股权的26.12%塔塔通信早些时候,被称为VSNL,通过一个提供出售。

报价已经被2月3日寻求,而事务目标在3月20日完成。股权的一部分将通过出售要约出售和休息,包括从OFS,剩下的将会给战略合作伙伴——PanatoneFinvest有限公司——政府周二说。

“GoI(印度政府)打算投资缩减其全部股权的26.12%支付股权资本TCL,通过提供出售(OFS)方法之后发起人的股份通过证券交易所和战略合作伙伴,“投资和公共资产管理部门(DIPAM)表示,在周二发布的一份通知。

广告
PanatoneFinvest有限公司将“不得不买了股”在发现价格、DIPAM补充道。

的股票塔塔通信收报1129 .95 Rs,之前在接近1.08%孟买证券交易所周二。

以目前的市场价格,26.12%的公司将获取大臣大约8400卢比。

读也


政府已经抹去15220卢比在当前财政收回投资收益到目前为止。

政府已经设定的减持目标2.10十万的卢比2020财政年度- 21日的1.20十万的卢比是来自cps的少数股权出售和90000卢比在国有金融机构出售股份。

公共部门VSNL在2002年私有化减资25%股权以及管理控制转移到Panatone Finvest有限公司的战略合作伙伴。

后续战略收回投资,公司的名称更改为塔塔通信有限公司(TCL)。

  • 发表在2021年1月20日,是坚持

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New Delhi: The government has sought bids from merchant bankers for selling its full shareholding of 26.12% in Tata Communications<\/a> Ltd, earlier known as VSNL<\/a>, through an offer for sale.

Bids have been sought by February 3, while the transaction is targeted for completion by March 20. Part of the shareholding will be sold through an offer for sale and rest, including leftover from the OFS, will be given to strategic partner - Panatone
Finvest<\/a> Ltd - the government said Tuesday.

“The GoI (Government of India) intends to disinvest its entire shareholding of 26.12 per cent paid up equity capital of
TCL<\/a>, through Offer for Sale (OFS) method of shares by promoters through the stock exchanges and thereafter to the Strategic Partner,” the Department of Investment and Public Asset Management (DIPAM) said in a notice issued Tuesday.

Panatone
Finvest<\/a> Ltd would be “obliged to buy the offered shares” at the OFS discovered price, DIPAM added.

Shares of
Tata Communications<\/a> closed at Rs 1,129.95, up 1.08% over previous close on the Bombay Stock Exchange<\/a> on Tuesday.

At the current market price, 26.12% in the firm would fetch the exchequer around Rs 8,400 crore.
<\/p>

Read also<\/h4>
<\/a><\/figure>
Spam War: Telcos to soon filter out unregistered commercial SMSes<\/a><\/h5><\/div>
<\/a><\/figure>
Tata Communication 3Q net profit surges in year, but down 20% on quarter<\/a><\/h5><\/div><\/div><\/div>
The government has mopped up Rs 15,220 crore from disinvestment proceeds so far in the current fiscal.

The government has set a disinvestment target of Rs 2.10 lakh crore for fy 2020-21, of which Rs 1.20 lakh crore is to come from minority stake sale in CPSEs and Rs 90,000 crore from stake sales in state-run financial institutions.

Public sector
VSNL<\/a> was privatised in the year 2002 by disinvesting 25% shareholding along with transfer of management control to Panatone Finvest Ltd, the strategic partner.

Subsequent to the strategic disinvestment, the name of the company was changed to Tata Communications Ltd (
TCL<\/a>).

<\/body>","next_sibling":[{"msid":80359427,"title":"Cognizant acquires Magenic Tech","entity_type":"ARTICLE","link":"\/news\/cognizant-acquires-magenic-tech\/80359427","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"73273673","title":"India's telecom sector in a rewind; everything from AGR, BSNL revival, 5G, IUC to tariff hikes in 2019","entity_type":"PHOTOGALLERYSLIDESHOWSECTION","seopath":"slide-shows\/indias-telecom-sector-in-a-rewind-everything-from-agr-bsnl-revival-5g-iuc-to-tariff-hikes-in-2019","category_name":"Slide-Shows","synopsis":"ETT brings a slideshow on Indian telecom sector developments in 2019","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-3313303\/73273673.cms?width=150&height=112","link":"\/slide-shows\/indias-telecom-sector-in-a-rewind-everything-from-agr-bsnl-revival-5g-iuc-to-tariff-hikes-in-2019\/73273673"}],"msid":80359561,"entity_type":"ARTICLE","title":"Government seeks bids from bankers for Tata Communications stake sale","synopsis":"Bids have been sought by February 3, while the transaction is targeted for completion by March 20. Part of the shareholding will be sold through an offer for sale and rest, including leftover from the OFS, will be given to strategic partner - Panatone Finvest Ltd - the government said Tuesday. ","titleseo":"telecomnews\/government-seeks-bids-from-bankers-for-tata-communications-stake-sale","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":2557,"shares":0,"engagementtimems":12441000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2021-01-20 10:50:28","lastupd":"2021-01-20 10:50:28","breadcrumbTags":["tata communications","finvest","Industry","VSNL","TCL","Bombay stock exchange","telecom news"],"secinfo":{"seolocation":"telecomnews\/government-seeks-bids-from-bankers-for-tata-communications-stake-sale"}}" data-news_link="//www.iser-br.com/news/government-seeks-bids-from-bankers-for-tata-communications-stake-sale/80359561">