Tata Teleservices Maharashtra (TTML) today said the open offer to its shareholders by Japanese telecom major NTT DoCoMo has been rescheduled to February 19.
The open offer date was slated for January 8, but had to be deferred as DoCoMo was awaiting market regulator Sebi's approval.
According to the revised schedule, the open offer would close on March 12, TTML said in a filing to the Bombay Stock Exchange.
In November last year, NTT DoCoMo had said it would launch an open offer for a 20 per cent stake in the listed entity, after it acquired a 26 per cent in Tata Teleservices Ltd for $2.7 billion (Rs 13,070 crore).
Also read: Increase TTML offer price, Sebi tells DoCoMo,Tatas
If fully subscribed, the offer will cost the Japanese firm around Rs 940 crore.
The offer is for acquiring 38,42,41,919 shares or up to 20 per cent. Earlier in December, DoCoMo deferred the offer following a delay in approval from market regulator Sebi.
Lazard India Pvt Ltd (manager to the offer) issued a public announcement on behalf of NTT DoCoMo (acquirer) and Tata Sons Ltd (persons acting in concert).
Shares of TTML were trading at Rs 23, up 0.22 per cent in the afternoon trade on the BSE.
