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India to Exit Entire 26 12% Stake in Tata Communications

India to Exit Entire 26.12% Stake in Tata Communications Bloomberg 3/13/2021 Subhadip Sircar © Bloomberg Signage for Tata Communications Ltd. is displayed atop of the company s headquarters in Mumbai, India, on Saturday, Nov. 5, 2016. Cyrus Mistry, the ousted chairman of India s biggest conglomerate, was replaced as Tata Sons chairman by his 78-year-old predecessor Ratan Tata at a board meeting on Oct. 24. Tata Sons said the conglomerate s board and Trustees of the Tata Trusts were concerned about a growing “trust deficit” with Mistry, which prompted the company to remove him. (Bloomberg) The Indian government will exit its entire 26.12% shareholding in Tata Communications Ltd., the company said in a regulatory filing late Friday.

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