Temasek Holdings, the investment arm of Singapore government, which has 9.9 per cent stake in Tata Teleservices, today said it is looking at all options, including exiting the telecom company in the wake of Japanese firm NTT Do Como picking up 26 per cent stake in the firm.
“As of now, we remain an investor and we are always looking at all options. When the option is available we will look at it,” Temasek Holdings India Senior Managing Director Manish Kejriwal told reporters here on the sidelines of India Economic Summit here.
He was responding to query if the Singaporean company is looking to exit from TTSL with the entering of a new shareholder NTT Do Como in the company.
“Details would come out in a few weeks… As of new we are happy that our investments have more than tripled,” Kejriwal said.
Last week NTT Do Como picked up 26 per cent stake in TTSL for about Rs 12,770 crore.
Source: Economic Times