In only two conditions TTML can go Up: -
1. TTML and TTSL are merged
2. TTML get the license for all over india

i disagree first of all ttsl will never want pan india lisence they dont have the money or the people.

ttml and ttsl merged will not happen coz ttsl is not a public company.

I m only tell the conditions to go up this shares. Now this changes r apllied or not its not my view. TTSL has 37% stake with ttml, so now its an imporatant condition for ttml to merge with ttsl for rising profit. If this merger is not done then another condition is to take the license for all over india. Currently ttml has only license for mahrashtra

To my mind, TTML is the only and only the one share which never rewarded its shareholder, inspite of being in a hot sector ie Telecom. But there are some discussions within the TATA Group for consolidation.
Fresh round of consolidation is in the offing at the Tata group. India’s largest private conglomerate is looking to integrate some of its smaller businesses with their respective flagship companies, with a view to leveraging the value of the entities and increase cost efficiency
The earliest of the consolidation could be the merger of Tata Coffee and Mount Everest Mineral Water with Tata Tea; Rallis with Tata Chemicals; Tata Teleservices (Maharashtra) with Tata Teleservices; and Tata Sponge Iron with Tata Steel, two executives familiar with the development said

The idea has been discussed in at least two recent board meetings of Tata Sons — the holding company of the group, and also at the individual company level, an executive with the group said
“The group is looking to appoint external agencies to study the possibilities of mergers or consolidation,” he added.

The merger of Tata Teleservices (Maharashtra) with Tata Teleservices is also being considered by the group, but it could take time as the Maharashtra operator is a listed entity. Earlier this year, Japanese telecom major NTT DoCoMo picked up 26 per cent stake in Tata Teleservices and later 12.12 per cent stake in Tata Teleservices (Maharashtra) also. The move indicates a possible merger, said sources...

I donot know from where such gossips of mergers has surfaced. I am yet to see an article or press release from the Tata Group, validating such a move.

Somnath

If you had sent me the quiery on 6 Nov 09 I would have given you the link where I have seen the news. It was in Economic Times. In fact the body of the message is a copy of the newspaper report.