MP Rana
Tata Sons, one of the potential promoters of Tata Communications, raised its stake to 10.88 percent by grabbing another 2.37 percent in the company, according to a disclosure made by Tata Communications to the Bombay Stock Exchange.
Tata sons has acquired 67.53 shares through an inter se transfer which represents around 2.37 percent stake in Tata Communications. With this move, Tata Sons now undertakes 3.10 crore shares of the company.
According to disclosure made by Tata Communications, the promoter group companies now together hold over 77 percent shares in the company. The latest shareholding pattern now stands in the following manner, Panatone Finvest (40.70%), Tata Sons (10.88%), Tata Power (0.90%) and Government of India (26.12%).
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