Share Holding Patterns on 31st March, 2003
		Category		No. of Shares held		Percentage of Shareholding
A.		Promoter's holding
1.		Promoters
a.		Indian Promoters		995,383,223		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
2.		Persons acting in Concert		N.A.		N.A.
		Sub-Total (a. + b.)		995,383,223		70.83
B.		Non-Promoters Holding
3.		Institutional Investors
a.		Mutual Funds and UTI		38,108,572		2.71
		UTI A/C India Infrastructure Fund Unit Scheme 1999		37,916,600		2.70
b.		Banks, Financial Institutions, Insurance Companies (Central / State Govt. Institutions / Non-government Institutions)		142,790,726		10.16
		Banks		10,830,912		0.77
		Life Insurance Corporation of India		33,333,300		2.37
		Industrial Developement Bank of India		92,516,900		6.58
		Other Insurance Co.		4,166,600		0.30
		Other Financial Institutions		1,943,014		0.14
c.		FIIs		131,979,200		9.39
		AEIF Limited		131,979,200		9.39
		Sub-Total (a. + b. + c.)		312,878,498		22.26
4.		Others
a.		Private Corporate Bodies		10,581,640		0.75
b.		Indian Public		77,576,952		5.52
c.		NRIs / OCBs		8,906,348		0.63
		NRIs		1,289,048		0.09
		OCBs		7,617,300		0.54
		Sub-Total (a. + b. + c. + d.)		97,064,940		6.91
		GRAND TOTAL		1,405,326,661		100.00
		Note:
		Total Foreign Shareholding (Foreign Promoters/FIIs/NRIs/OCBs)		140,885,548		10.03
		GDR & ADR Holdings		N.A.		N.A.