Mahendra Nahata of Himachal Futuristic Communications Limited (HFCL) has finally agreed to sell his 36 per cent stake in tele com service provider Datacom Solutions to the Dhoot family which owns a 64 per cent stake in the company.

Mahendra Nahata of Himachal Futuristic Communications Limited (HFCL) has finally agreed to sell his 36 per cent stake in telecom service provider Datacom Solutions to the Dhoot family which owns a 64 per cent stake in the company. While Nahata’s stake is valued at around $300 million, he has already received a “token payment” and the remaining amount is likely to be paid in tranches. Meanwhile, HFCL has engaged Morgan Stanley to find a strategic partner to fund the company’s rollout plans.