In 2014, Japan's NTT DoCoMo had decided to exit Tata Teleservices and asked the Indian promoters to buy out its 26.5% stake in the joint venture. The Japanese company had picked up a 26.5% stake in CDMA player Tata Teleservices for $2.7 billion, then equivalent to about Rs 12,770 crore. Under the agreement, in case Japanese venture wanted to exit, it had the option to force Tata Group to find a buyer for its stake at 50% of the investment amount or fair market price.