Tata Communications snapped an 8-day downdraft at the markets today
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The Economic Times reported on its front page that a clutch of companies led by Google and Amazon were in a bidding war for buying up to 74 percent stake in the data centre business for an estimated $700 million. PE investors Carlyle, Blackstone and KKR are among others in the fray for the unit that has 41 locations in India and overseas.
As a consequence,
Tata Communications market capitalisation has gained 15 percent to 11,400 crore rupees in the past one year.
(Image credits: Indiatimes)
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