TCIL to sell stake in Bharti Hexacom
04-03-2010
Invites bids for 30% stake in Bharti subsidiary
Telecommunication Consultants of India Ltd (TCIL) has invited expressions of interest for the sale of its entire 30% stake in Bharti Hexacom Ltd. through an open bidding process.
The rest of Bharti Hexacom is owned by Bharti Airtel, which will get first right of refusal, said TCIL.
Bharti Hexacom provides telephony and related services in the Rajasthan state and in India's north-east region as well.
Potential investor can place an offer for TCIL's stake either as a sole bidder, as a special purpose vehicle formed for the purpose, or as a consortium with an identified lead bidder, TCIL said in a preliminary information document on its Web site.
Telecommunication Consultants of India Ltd (TCIL) has invited expressions of interest for the sale of its entire 30% stake in Bharti Hexacom Ltd. through an open bidding process.
The rest of Bharti Hexacom is owned by Bharti Airtel, which will get first right of refusal, said TCIL.
Bharti Hexacom provides telephony and related services in the Rajasthan state and in India's north-east region as well.
Potential investor can place an offer for TCIL's stake either as a sole bidder, as a special purpose vehicle formed for the purpose, or as a consortium with an identified lead bidder, TCIL said in a preliminary information document on its Web site.
