| The acquisition would make TPBB a wholly-owned subsidiary of VSNL, which was offering broadband-based services under internet service provider (ISP) licences, VSNL informed the Bombay Stock Exchange on Monday. |
| TPBB, which was a wholly-owned subsidiary of TPC prior to the buy, had invested in creating a 400 km-long optical fibre backbone in Mumbai and Pune. |
| Divesting the business was to allow both the companies -- TPC and TPBB -- to unlock 'considerable shareholder value', Ratan N Tata, chairman, the Tata group, had said The VSNL share ended at Rs 386.25 on the NSE on Monday. |
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