In his new role, chief Chinnakannan Sivasankaran's son Saravana is likely to manage 60% of the group's revenues
Siva Group had mandated JM Financial to hunt for a buyer, but investors shied away from the Indian telecom industry.
S Tel, a joint venture between Chennai-based Siva Group and Bahrain Telecom (Batelco), has been directed to immediately stop its mobile services in Himachal Pradesh, Bihar and Orissa, citing national security concerns.
A look at the life and times of maverick businessman Chinnakannan Sivasankaran
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