Stocks

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
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