Sebi gives Pantone Finvest conditional exemption from an open offer for Tata Communications SECTIONS Share Synopsis Currently, 75% of the company is held by the promoters, while 25% is held by the public. The government is also a promoter in the company and holds about 26% stake, which it is planning to divest. Agencies NSE Explore Now The Securities and Exchange Board of India (Sebi) has given Pantone Finvest, a Tata Sons subsidiary, conditional exemption from an open offer for Tata Communications in which the Centre is seeking to reduce its ownership. Currently, 75% of the company is held by the promoters, while 25% is held by the public. The government is also a promoter in the company and holds about 26% stake, which it is planning to divest.