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Jun 2, 2017 · 2.1 Tata Sons Limited (" Tata ") and Tata Teleservices Ltd. (" TTSL ") entered into a Shareholder Agreement (" SHA ") with NTT Docomo Inc. (" Docomo ") on 25th March 2009. 2.2 Under the SHA, Clause 5.7.2 stated that "if TTSL failed to satisfy certain 'Second Key Performance Indicators' stipulated in the SHA, Tata would be obligated to find a ...
Nov 7, 2017 · Tata failed to either find a buyer for Docomo's shares at the Sale Price, or to find a buyer for such shares at a price lower than the Sale Price and indemnify Docomo for the shortfall. Docomo invoked arbitration and the arbitral tribunal, after detailed arguments, including on the FEMA Pricing Guidelines, held that Tata had to honour its ...
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Dec 22, 2022 · Tata Docomo – Tata Docomo is a leading telecom service provider in India, owned by the Tata Group. It was launched in 2008 and is India’s first GSM operator to launch 3G services in India. Tata Docomo operates in more than 20 circles across the country, offering voice and data services on both prepaid and postpaid basis.
Nov 4, 2016 · Tata Group and NTT DoCoMo are planning to settle their differences by seeking the Reserve Bank of India's permission, under a fresh application, for Tata Sons to remit $1.17 billion to the Japanese company to buyback DoCoMo’s 26.5 per cent stake in their loss-making joint-venture Tata Teleservices, the Business Standard reported earlier.
Jul 8, 2016 · Background. An international arbitration tribunal recently reportedly ordered Tata Sons to pay $1.17 billion to NTT Docomo for breach of a contract between Tata Sons and Docomo. The contract obligated Tata Sons to buy back the shares held by Docomo in Tata Teleservices at a pre-agreed price that was higher than the `fair market value' of Tata ...
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