Deals
Tata Tele Jumps on Vodafone Deal Talks Report: Mumbai Mover
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Tata Teleservices Maharashtra Ltd. jumped the most in 2 1/2 months in Mumbai trading, after a report that Vodafone Plc was in early talks to buy a majority stake in its unlisted parent from the $100 billion Tata group.
Shares of Tata Teleservices Maharashtra climbed as much as 15 percent, the highest since May 21, and finished up 9.2 percent at 8.35 rupees. The Mumbai-based company provides telephone services in the western Indian states of Goa and Maharashtra, while parent Tata Teleservices Ltd. with Japan’s NTT Docomo Inc. is a pan-India mobile-phone operator.