The Times Of India, 23 Feb 2009, Reeba Zachariah
MUMBAI: NRI businessman C Sivasankaran and the Singapore government's private equity arm, Temasek, will see their stakes fall in Tata Teleservices, as the telecom major brings in NTT DoCoMo as its strategic partner.
There was speculation that Sivasankaran might not wish to dilute his 8.6% stake in the mobile phone operator for which he paid Rs 1,200 crore in 2006. It was the same with Temasek too. The Singapore company holds 9.9%, purchased at Rs 1,500 crore, also in 2006. DoCoMo is investing $2.7 billion for a 26% stake in Tata Teleservices, India's second largest CDMA operator.
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