Tata Sons Reduces its Entire Investment of Rs 28,651 Crore in Loss-Making Tata Teleservices
Tata group holding company Tata Sons has written off its entire investment of Rs 28,651.69 crore in loss-making telecom arm Tata Teleservices, according to a regulatory filing. Tata Sons are in the process of transferring the consumer mobile business of Tata Teleservices to Bharti Airtel and hiving off the enterprise segment to merge with the group's networking arm Tata Communications. "The company has considered it appropriate to write off the... Read More