The disinvestment has been long in talks and in 2011, TCIL's plans to exit Bharti Hexacom resulted in a failure. The then cabinet secretary KM Chandrasekhar had dismissed the Rs 1,800-crore reserve price fixed by Deloitte for its 30% stake as "too low".
Through the fresh sale, TCIL is looking forward to cash flows to ease its balance sheet. It has annual revenues of about ₹1,750 crore. Moreover, it expects to double its revenues by 2025.