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Tata Sons considering merger, sale of Tata Communications, says report

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Tata Sons is looking into several options including merger and sale to deal with the loss-making Tata Communications.

Tata Sons considering merger, sale of Tata Communications, says report
Tata Sons considers merging some businesses of loss-making unit Tata Communications Ltd (TCL) with Tata Consultancy Services, reported The Economic Times, citing sources. The firm may also look at the sale of the remaining businesses, added the report.
However, It  may not be an easy plan to execute for the company, given the government shareholding in the company, noted the report, citing a source.
The development comes a week after the resignation of CEO Vinod Kumar from Tata Communications, the report said. The going has been tough for the company that owns and operates a sub-sea fibre network that carries about 30 percent of the world’s Internet routes.
It also had informed earlier in May that its losses widened to Rs 198.8 crore for the fourth quarter ended March 31, from Rs 120.9 crore in the year-ago period.

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CompanyPriceChange%Loss
ONGC120.25 -4.85
Coal India146.40 -5.75
JSW Steel670.60 -25.75
NTPC113.55 -3.85
UPL808.00 -27.05
CompanyPriceChange%Loss
ONGC120.35 -4.65
NTPC113.55 -3.70
M&M784.85 -20.60
Power Grid Corp233.00 -6.70
Nestle17,678.30 -375.20
CompanyPriceChange%Loss
ONGC120.25 -4.85 -3.88
Coal India146.40 -5.75 -3.78
JSW Steel670.60 -25.75 -3.70
NTPC113.55 -3.85 -3.28
UPL808.00 -27.05 -3.24
CompanyPriceChange%Loss
ONGC120.35 -4.65 -3.72
NTPC113.55 -3.70 -3.16
M&M784.85 -20.60 -2.56
Power Grid Corp233.00 -6.70 -2.80
Nestle17,678.30 -375.20 -2.08

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