https://www.taxtmi.com/news?id=23376 Approval was granted for M/s ATC Asia Pacific PTE Limited to acquire a minority equity stake in M/s ATC Telecom Infrastructure Private Limited following exercise of a put option by Tata entities, increasing the acquirer's cumulative foreign investment in the company. The approval is situated within the telecom sector framework where FDI up to 100% is permitted, with up to 49% via the automatic route and any excess requiring government route approval subject to licensing and security conditions by the Department of Telecommunications. en-us Wed, 25 Nov 2020 16:31:57 +0530 Wed, 25 Nov 2020 16:31:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23376 Approval was granted for M/s ATC Asia Pacific PTE Limited to acquire a minority equity stake in M/s ATC Telecom Infrastructure Private Limited following exercise of a put option by Tata entities, increasing the acquirer's cumulative foreign investment in the company. The approval is situated within the telecom sector framework where FDI up to 100% is permitted, with up to 49% via the automatic route and any excess requiring government route approval subject to licensing and security conditions by the Department of Telecommunications. News - Wed, 25 Nov 2020 16:31:57 +0530 https://www.taxtmi.com/news?id=23376