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Jul 20, 2012, 02.25 PM IST
Shares in Tata Communications gain 6.4% after the cabinet on Thursday paved the way for the mobile carrier to sell surplus land.
Shares in Tata Communications
The sale of the entire land could fetch at least Rs 6,000 crore, though not all of it would go to Tata Communications given the government owns a sizeable stake, as do previous owners of the land, according to traders. The issue has been a longstanding one for Tata Communications, which used to be a former state monopoly. The government still owns 26% of the company.
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