 "Tata Communications renegotiating Neotel sell-off")
Tata Communications has rallied 6% to Rs 712, also its 9-year high on the BSE in intra-day trade, after the company reported an over 12-fold jump in its consolidated net profit of Rs 1,413 crore for the December end quarter (Q3FY17), mainly on account of one-time gain due to sale of its data centres. Tata Group Company had profit of Rs 111 crore in the same quarter last fiscal.
The "exceptional" one-time gain came from the stake sale of the India Data Centre Rs 2,138 crore that was partly offset by the impairment Rs 250 crore on account of
The "exceptional" one-time gain came from the stake sale of the India Data Centre Rs 2,138 crore that was partly offset by the impairment Rs 250 crore on account of
