Tata Communications OFS closes; govt to mop up nearly Rs 5,440 crore

MUMBAI: The government is expected to garner Rs 5,440 crore from the offer for sale (OFS) of the which ended on Wednesday. The OFS was subscribed 1.33 times despite poor response from the retail investors. The offer received overall bids for 6.12 crore shares as against 4.6 crore shares on offer. Though the floor price […]

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