|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
MUMBAI (Reuters) - Norway's Telenor
Telenor, which won rights to operate in six Indian zones in an auction earlier this month after its earlier permits were ordered to be revoked, is looking to take a majority stake in the merged entity, the source said.
The deal will see Tata Group cutting its stake in unlisted Tata Telservices, the country's No. 6 mobile phone carrier, said the source, declining to be named due to the sensitivity of the matter.
Japan's NTT DoCoMo <9437.T>, which owns a 26 percent stake in the company, will retain its holding in the combined entity, the source said.
Telenor and Tata Teleservices declined comment. NTT DoCoMo could not be immediately reached for a comment in Tokyo outside their business hours.
(Reporting by Sumeet Chatterjee in MUMBAI and Devidutta Tripathy in NEW DELHI; Editing by Louise Heavens)