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Explore Now MUMBAI: The government is expected to garner Rs 5,440 crore from the offer for sale (OFS) of the Tata Communications which ended on Wednesday. The OFS was subscribed 1.33 times despite poor response from the retail investors. The offer received overall bids for 6.12 crore shares as against 4.6 crore shares on offer. Though the floor price for the OFS was fixed at Rs 1,161, most of the bids came in at Rs 1,184. The portion reserved for retail investors was subscribed by just 1.46%. Shares of Tata Communications declined almost 6% to close at Rs 1141 on BSE. The government was initially offering to sell up to 2.85 crore equity shares representing 10% of the total paid up equity capital of the company with a green shoe option of selling 1.74 crore equity shares representing 6.12%.

Panatone finvestVidesh sanchar nigam ltdTata groups of companiesTata communicationsTata commTata groupsTata communications ofsTata sonsவிதேஷ் சஞ்சார் நீகம் லிமிடெட்டாடா குழுக்கள் ஆஃப் நிறுவனங்கள்டாடா தகவல்தொடர்புகள்டாடா காமம்டாடா குழுக்கள்டாடா தகவல்தொடர்புகள் ஓப்ஸ்டாடா மகன்கள்