For Quick Alerts
For Daily Alerts

Tata Teleservices spikes nearly 18% on merger talks with Sistema and Aircel

By Religare
Tata Teleservices spikes nearly 18% on merger talks
Shares of Tata Teleservices rallied nearly 18 per cent in early trade on Bombay Stock Exchange (BSE) on report of talks with Russia's Sistema JSFC and Aircel for a three-way merger to create India's third-largest telecom company by subscribers.

Cheering the news, shares of the company gained as much as 17.78 per cent to trade at Rs 7.35 a piece on the BSE.

In a similar fashion, shares of the company soared 12 per cent to Rs 7.00 a piece on National Stock Exchange.

Meanwhile, the broader benchmark Sensex was quoting at 19,871.89, down 21.96 points or 0.11 per cent at 10:45 hours.

Dion Global Solutions Ltd.

Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more