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Update: Tata Sons To Offload 2.84% Stake In Tata Teleservices Maharashtra

Update 3 (May 29): Tata Sons has submitted another notice of offer to the BSE, to sell 35 million equity shares (35,000,000 shares) of value Rs 10 each, representing 1.84% stake in TTML. The sale is expected to start on May 30, 2013 at 9.15 AM and close on the same day at 3.30 PM. Update 2 (May 21): Tata Teleservices Maharashtra (TTML) has informed (pdf) BSE that Tata Sons will be selling 1.9 million shares (1,89,71,968 shares), which accounts for 1% stake in TTML. The sale is expected to be completed by June 4, 2013. Update (May 17): Tata Sons has informed the BSE that it has cancelled the offer for sale, however it hasn't disclosed any specific reason for this cancellation. Earlier (May 16): Tata Teleservices Maharashtra Ltd (TTML) promoter Tata Sons has submitted a notice of offer to the Bombay Stock Exchange (BSE) to sell…

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