The announcement was made during trading hours today, 4 June 2013.
Meanwhile, the S&P BSE Sensex was up 110.59 points or 0.56% at 19,721.07.
On BSE, 33,000 shares were traded in the counter as against average daily volume of 18,627 shares in the past one quarter.
The stock hit a high of Rs 204.90 and a low of Rs 199.10 so far during the day. The stock had hit a 52-week low of Rs 191.50 on Monday, 3 June 2013. The stock had hit a 52-week high of Rs 266.35 on 26 July 2012.
The stock had underperformed the market over the past one month till 3 June 2013, sliding 15.09% compared with the Sensex's 0.18% rise. The scrip had also underperformed the market in past one quarter, declining 12.43% as against Sensex's 3.66% gain.
The mid-cap company has equity capital of Rs 285 crore. Face value per share is Rs 10.
Through a partnership with China Mobile, the JW Marriott Hotel Shanghai Telepresence facility will be connected to Tata Communications' Global Meeting Exchange Telepresence inter-exchange network -- one of the broadest and widest-reaching Telepresence networks available today. This network has connectivity to all Tata Communications' private Telepresence rooms as well as the customers of service providers with whom it has interexchange connectivity agreements in place, and vice versa.
Peter Quinlan, Vice President, Integrated Business Video Services, Tata Communications said, "China is currently the world's second largest economy and one of the fastest growing markets globally. The desire for convenient, immersive and professional business communications with this market has never been stronger. In partnership with China Mobile and JW Marriott Hotel Shanghai, the addition of Shanghai to our Telepresence community provides companies doing business with China - and Chinese companies doing business internationally - with a powerful collaboration tool and a great way to accelerate and enhance all manner of relationships".
As the leading mobile services provider in Mainland China, the China Mobile Group boasts the world's largest mobile network and the world's largest mobile customer base.
On a consolidated basis, Tata Communications reported a net loss of Rs 5.20 crore in Q4 March 2013, lower than net loss of Rs 260.94 crore in Q4 March 2012. Net sales rose 11.1% to Rs 4400.46 crore in Q4 March 2013 over Q4 March 2012.
Tata Communications, along with its subsidiaries is a leading global provider of a new world of communications. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and domain expertise across its global and pan-India network to deliver managed solutions to multi-national enterprises, service providers and Indian consumers.
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