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NTT Docomo Invested Rs 784 Crore In Tata Teleservices: Report

Japanese telecom giant NTT Docomo has invested Rs 784 crore into Tata Teleservices in return for fresh equity, reports Business Standard. The report states that Docomo made this investment in the last two years, as indicated by the company's annual report for 2011-12 (FY12), although it points out that there is no word in the annual report as to how much stake the company received in return for this investment. It stated that the Tata Tele spokesperson declined to comment on this development, while there was no response from the NTT Docomo spokesperson. Do note that we weren't able to find any reference to this investment in the annual report of Tata Tele (Maharashtra), which is a listed entity. So this means that Business Standard might have access to a private TTSL report. Besides the NTT Docomo investment, the report also adds that Tata Sons have invested Rs 1,593 crore into Tata Teleservices to increase their stake to 39.22% as of March 2012, from 37.92% in March 2011. However, we noticed that the Tata Sons continue to have 37.65% stake as of March 2012, as indicated by TTML's 2012 annual report. NTT Docomo Investment: Back in March 2009, NTT Docomo had acquired 26% stake in Tata Teleservices, after receiving the Government nod to buy 27.31% stake in TTSL for Rs 12,924 crores. The company had an option to increase the Tata Tele stake to 35% in March 2012, but it skipped the option citing the existing regulatory situation in the country, as…

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