TTSL to offload 20 per cent for over $500 million
February 15, 2006
According to unconfirmed news reports, Tata Teleservices Limited (TTSL) is set to offload 20 per cent stake for over $500 million to a clutch of investors, including C. Sivasankaran and Singapore state-owned private equity fund Temasek, by mid-February. The number of investors, the pricing and exact quantum of stake to be divested will reportedly be decided by February 15.
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