Comments
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.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.