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Tata Communications to raise Rs 2,500 cr via asset sales
March 5, 2013March 5, 2013by In Technology

Tata Communications to raise Rs 2,500 cr via asset sales

Tata Communications plans to sell properties across Delhi, Mumbai and Chennai to raise more than Rs 2,500 crore to raise capital in the wake of continuing losses, sourcs said. Tata Group's telecom arm, which reported net loss of Rs 201 crore for the third quarter ended December, has identified land parcels valued at over Rs 2,500 crore in these metros for monetisation.