Rise🔥and fall of Tata docomo!!

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Tata Sons has formally announced that it has reached an agreement with NTT DoCoMo of Japan, its joint venture partner in Tata Teleservices Ltd., for an out-of-court settlement of their dispute.

“In the larger national interest of preserving a fair investment environment in India, we have reached an agreement with NTT DoCoMo on a joint approach to enable enforcement of the June 22, 2016, London Court of International Arbitration (LCIA) award,” a release said.

The settlement terms, if approved by the Delhi High Court, would clear the way for the $1.18 billion already deposited by Tata Sons with the Delhi High Court to be paid to NTT DoCoMo, the release said. It would also allow DoCoMo to transfer its shares to Tata Teleservices Limited.

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