Acquisition

Tata Communications sells 17 data centres for $634 million

brak alt

"There are several aspects in divesting the non-core assets by Indian corporates—such as the company wants to focus more on the profitable business and generating cash flow. Also, they may not aspire to invest in future growth of the said businesses, and using the energy and capital for the growth of other profitable businesses."

Raja Lahiri
Partner, Grant Thornton India LLP

This article appeared in Live Mint on 20th May, 2016