Offer for sale equity in Tata Communications Ltd witnesses 1.36 times oversubscription

The central government initiative of the offer for sale (OFS) of equity in Tata Communications Ltd (TCL) today got warm welcome by investors as it witnessed 1.36 times oversubscription. Today, the OFC was available only for non-retail investors while the retail investors would be allowed to bid tomorrow, which is the second and last day of the sale. For the non-retail section the indicative price of the share is 1183.66 rupees while the last traded price (LTP) is 1213 rupees per share.  Accordin...