 "Tata Super app, Tata teleservices, Phone, Apps, Telecom")
Offer for sale (OFS) to divest government’s shareholding in Tata Communications, which was earlier state-owned VSNL, will open Tuesday for institutional investors. The government will sell its 10 per cent stake, with an option to sell an additional 6.12 per cent stake.
The floor price has been set at Rs 1,161, and the sale of 16.12 per cent stake could fetch the government around Rs 5,334 crore.
The offer would open for retail investors on Wednesday. The government holds 26.12 per cent stake in the company.
On Friday, Tata Communications had said that "As an initial step, the government will
