India: Tata Sons arm Panatone Finvest to pick controlling stake in Tejas Network

India: Tata Sons arm Panatone Finvest to pick controlling stake in Tejas Network

Panatone Finvest Limited, a subsidiary of Tata Sons Private Limited, will acquire a controlling stake in Tejas Networks, the company said in a regulatory filing on Thursday. The domestic telecom gear maker said that it sees a very large opportunity in the telecom sector both in India and global markets with the new cycle of investments in 5G and fiber-based broadband rollouts.

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