Tata Communications Merger & Restructuring Worth ₹879.9 Cr
Tata Communications is transferring its 100% stake in Kaleyra, Inc. to its subsidiary, TCNL, for an aggregate fair market value of USD 92.625 million to simplify structure.
- Value
- ₹879.9 Cr
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Tata Communications is transferring its 100% stake in Kaleyra, Inc. to its subsidiary, TCNL, for an aggregate fair market value of USD 92.625 million to simplify structure.
Tata Communications' wholly owned indirect subsidiary, Kaleyra Africa (Pty) Limited, has been dissolved following voluntary liquidation. No financial impact occurred as the entity was non-operating.
Tata Communications incorporated a new subsidiary in Türkiye to provide IoT and IT consultation services. The investment involves a subscription cost of TL 50,000.
Tata Communications incorporated a new wholly owned step-down subsidiary in Türkiye. Named TComm Turkey, it will provide IT consultation and IoT solutions for global customers.