The Cabinet Committee on Economic Affairs has allowed the state owned Telecommunications Consultants India Limited (TCIL) to sell its 30 per cent stake in Bharti Hexacom.

The Cabinet Committee on Economic Affairs has allowed the stateowned Telecommunications Consultants India Limited (TCIL) to sell its 30 per cent stake in Bharti Hexacom. TCIL had expressed an interest to exit the JV as Bharti Airtel was not agreeing to pay dividends to TCIL every year, and the latter did not have any say in the management decisions of the JV. Airtel also declined to get Bharti Hexacom listed on the stock exchange, a TCIL demand, which would have helped it exit the company at the right price.