Share Holding Patterns on 31st December, 2003
	Category	No. of Shares held	Percentage of Shareholding
A.	Promoter's holding
1.	Promoters
	- Indian Promoters	995,398,223	70.83
	- Tata Teleservices Limited	714,317,891	50.83
	- The Tata Power Company Limited	161,565,693	11.50
	- Tata Sons Limited	119,499,639	8.50
	- Panatone Finvest Limited	15,000	0.00
2.	Persons acting in Concert	N.A.	N.A.
	Sub-Total	995,398,223	70.83
B.	Non-Promoters Holding
3.	Institutional Investors
a.	Mutual Funds and UTI	32,949,150	2.34
	- UTI A/C India Infrastructure Fund Unit Scheme 1999	32,916,600	2.34
b.	Banks, Financial Institutions, Insurance	120,017,930	8.54
	Companies (Central / State Govt.
	Institutions / Non-government Institutions)
	-Industrial Development Bank of India	73,778,520	5.25
	-Life Insurance Corporation of India	33,333,300	2.37
	-Banks	7,394,262	0.53
	-Other Insurance Co.	4,166,600	0.30
	-Other Financial Institutions	1,345,248	0.10
c.	FIIs	126,018,840	8.97
	-AEIF (India) Limited	125,421,466	8.92
	Sub-Total (a. + b. + c.)	278,985,920	19.85
4.	Others
a.	Private Corporate Bodies	29,113,377	2.07
b.	Indian Public	99,278,542	7.06
c.	NRIs / OCBs	2,550,599	0.18
	- NRIs	2,506,241	0.18
	- OCBs	44,358	0.00
	Sub-Total (a. + b. + c.)	130,942,518	9.32
	GRAND TOTAL	1,405,326,661	100.00
		-
	Note:
	Total Foreign Shareholding (Foreign Promoters/FIIs/NRIs/OCBs)	128,569,439	9.15
	GDR & ADR Holdings	N.A.	N.A.