Tata Sons gets RBI nod to buy DoCoMo’s stake in Telecom Joint Venture

Reserve Bank of India (RBI) has allowed TATA Sons to pay DoCoMo for its 26.5% stake in Tata
Tele services at ` 8.045 per share as against a fair value of `23.34 per share. The RBI has written
to the Department of Economic Affairs (DEA) seeking its views and is understood to have defended the higher price in view of the need to attract Foreign Direct Investment (FDI) and in the interest of Indo-Japanese collaborations.