Tata, Docomo to bury the hatchet

No clarity on how companies would circumvent RBI norms on pre-determined valuation

Tata Sons on Tuesday announced that it has reached an agreement with NTT Docomo to settle its long-pending dispute to buy back the Japanese company’s shares in their joint venture – Tata Teleservices. The statement, however, is silent on how the Indian company will circumvent the Reserve Bank of India (RBI) guideline that bans any pre-determined valuation of shares.

 

In a statement, Tata Sons said in the larger “national interest” of preserving a fair investment environment in India, it has reached an agreement with NTT DOCOMO