Tata Comm merger gets shareholders nod

Telecom services provider Tata Communications today said its shareholders have given nod to merge Tata Communications Internet Services with itself.

"Tata Communications have intimated that the shareholders of the company at the meeting have granted their consent to the said scheme of amalgamation," Tata Communications said in a filing to the Bombay Stock Exchange.

Tata Communications Internet Services offer a range of Server Message Block (SMB) Connectivity Services and Applications under the brand names of direct internet and Tata Indicom Broadband.

Shares of Tata Communications today settled at Rs 252.55 on the BSE, down 0.39% from the previous close.