Tata Group
home > media room > news > media releases
Tata Group sells controlling stake in  Tata Infomedia to ICICI Venture
September 1, 2003

Mumbai: Tata Sons and other Tata companies have entered into a agreement to sell its controlling stake of 49.99 per cent in Tata Infomedia to ICICI ePayments, wholly owned by India Advantage Fund at a price of Rs 176 per share. Ishaat Hussain, finance director of Tata Sons and Renuka Ramnathan, CEO, ICICI Venture, signed the agreement in Mumbai, on September 1, 2003. DSP Merrill Lynch was the investment banker and CZB & Partners was the legal adviser to the Tata companies. The above transaction will be completed as per the provisions of the SEBI takeover code.

Profile
Tata Sons
Tata Sons news
Media releases
Media reports
Articles