Quick Summary
The Competition Commission of India (CCI) approves acquisition by Panatone Finvest Limited (Acquirer) of Tata Communications Limited (TCL) under Section 31(1) of the Competition Act, 2002, today. The Proposed Combination envisages the proposed acquisition of such shareholding not exceeding 26.12%
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FAQ :
The Competition Commission of India (CCI) has approved the acquisition.
Panatone Finvest Limited is acquiring Tata Communications Limited.
Panatone Finvest Limited can acquire shareholding not exceeding 26.12% in Tata Communications Limited.
Panatone Finvest Limited is a subsidiary of Tata Sons and belongs to the Tata Group.
Tata Communications Limited is a facilities-based service provider offering a broad range of integrated communications services, including wholesale voice, enterprise and carrier data, International Long-Distance, National Long-Distance, undersea cable systems, and Internet services.
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