From 19% to 24%
Tata Communications announced that Smart ICT Services has communicated to the Company that the board of Smart ICT has approved transfer of 5% of its equity share capital held by Centios Co to Tata Communications. Prior to this transfer, Tata Communications was holding 19% of the paid-up equity capital of Smart ICT which has now increased to 24% and consequently Smart ICT has now become an associate of the Company.Smart ICT has been awarded a contract by the Gujarat International Finance Tec-City to design, finance, establish, install, test, commission and operate and maintain the ICT in GIFT City.
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