July 10 Tata Sons has received formal
communication from Japan's NTT DoCoMo Inc about
exercising its sale option in Tata Teleservices Ltd,
a company spokeswoman said.
NTT DoCoMo had said in April it would exercise the option to
sell its 26.5 percent stake in Tata Teleservices by June if the
Indian mobile phone joint venture failed to achieve performance
Tata Sons had said in April it was not "possible to predict
how events will unfold; however, Tata Sons is cognizant of its
responsibilities, and will act keeping in mind the interests of
all stakeholders and in accordance with law".
(Reporting by Nivedita Bhattacharjee in Mumbai; Editing by