Sistema Shyam Teleservices to be 100% FDI funded company
Sistema Shyam Teleservices, which offers voice and data services on CDMA platform under MTS brand, has cleared a road block to be a 100% FDI funded company. The shares of SSTL are owned by Sistema JSFC (56.68%), Russia Government (17.14%), India's Shyam Group (24%), other foreign entities (0.3%) and minority Indian stakeholders (2.05%). This minority shareholders filed an application seeking compulsory listing of shares of the company in a set... Read More
