Tata Sons gets RBI nod to buy NTT Docomo’s stake in TTSL
Reserve Bank of India (RBI) has given an in-principle approval to Tata Sons’ proposal to buy Japanese telecom firm NTT DoCoMo's stake in their struggling joint venture, Tata Teleservices Limited (TTSL) for Rs 7,250 crore. Overall, Docomo holds 26.5 percent in TataTeleservices. Earlier this month, Japanese telecom firm had dragged TTSL to an international court of arbitration in London. A month ago, RBI had informed the Finance Ministry that it... Read More