TATA COmmunications

•  The government will sell up to 16.1% stake through an Offer for Sale. 
• The OFS opens for non-retail investors today. 
• The government plans to sell 10% of the total equity with a green shoe option of an additional 6.12%. The OFS opens for retail investors tomorrow. 
• The floor price of Rs 1,161 per share is a 9.8% discount to Monday's closing price.
•  The government intends to exit its entire 26% shareholding in the company.