Govt to sell 16.12% stake in Tata Communications Ltd through Offer for Sale

Government has decided to sell 16.12 per cent stake in Tata Communications Limited TCL through an Offer for Sale, OFS. The floor price of each share of face value of ten rupees is fixed at one thousand one hundred 61 rupees.   Secretary Department of Investment and Public Asset Management DIPAM Tuhin Kanta Pandey in a Tweet said, on the first day today the sale is open to non-retail investors and retail investors can participate in the bid tomorrow.   Base size of the offer is ten percent amount...