Business Standard, 15 Nov 2008, urajeet Das Gupta, Rajesh Kurup & Ishita Russel
Days after NTT DoCoMo of Japan announced that it will buy 26 per cent in Tata Teleservices for $2.7 billion, NRI businessman C Sivasankaran has decided to put on the block his eight per cent stake in the company. Informed sources said that Temasek Holdings, too, may sell a part of its 9.9 per cent stake in the closely-held telecom services operator.
A Temasek spokesperson said: “It is inappropriate for Temasek to comment on market speculation.” However, Sivasankaran confirmed that he was prepared to exit from Tata Teleservices.
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