What to watch: Tata Comm to turn ex-date for demerger

| Updated on September 13, 2019 Published on September 14, 2019

Shares of Tata Communications will turn ex-date on Tuesday for the proposed demerger. The company will demerge approximately 773.13 acres of surplus land (held by the erstwhile Videsh Sanchar Nigam) into a new entity - Hemisphere Properties India Ltd (HPIL). As per the proposal, HPIL will provide shares to all the shareholders of Tata Communications in the ratio of 1:1. Investors wishing to get HPIL shares need to own Tata Communications by Monday.

Published on September 14, 2019
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.