InvestorQ : Can you tell me about the Tatas open offer for Tejas Networks?
Deepa Salunkhe made post

Can you tell me about the Tatas open offer for Tejas Networks?

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Arya Nanda answered.
2 months ago
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Tata Group has made an open offer to buy up to 26% stake in Tejas Networks for around Rs.1,038 crore. This is an attempt by the Tata group to acquire a controlling stake in Tejas Networks. Tata, through Panatone Finvest, will pick up 4.026 crore shares of Tejas Networks at a price of Rs.258 per share. The overall acquisition of Tejas Networks will be worth Rs.1,890 crore. Tatas see a huge telecom opportunity in India and globally.

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