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Consistent margin gains are key for Tata Communications stock: Analysts
Tata communications transferred 773 acres of land valued at about Rs 12,000 crores in to Hemisphere Properties India (HPIL)
Tata Communications gains as board approves demerger of surplus land
The stock surged 9% to Rs 758 on the BSE after the company said the board approved demerger of around 773 acres of surplus land to a separate company and listing it subsequently.
Tata Communications board approves demerger of surplus land via HPIL
There will be no change in the shareholding pattern of the company pursuant to the demerger, Tata Communications said