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Saturday 15 June 2019

Tata Comm sells entire stake in data centre business

Tata Communications (Tata Comm) has sold its remaining 26% stake in the data centre business to major shareholder STT GDC of Singapore. ​​​In 2016, STT GDC had bought 74% in the business. At that time, the enterprise value of the business, which has 15-plus data centres in India and Singapore, was over Rs 3,000 crore.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2RqA6pH
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