FilingReader Intelligence

Tata Communications completes divestment of payment solutions subsidiary

February 28, 2025 at 07:05 PM UTCBy FilingReader AI

** Tata Communications has completed the sale of its wholly-owned subsidiary, Tata Communications Payment Solutions Limited (TCPSL), to Transaction Solutions International (India) Pvt Ltd (TSI), a subsidiary of Findi Ltd. The transaction, initially announced on November 13, 2024, follows the receipt of regulatory approvals, including from the Reserve Bank of India (RBI). The sale aligns with Tata Communications' strategy to focus on high-growth areas such as network, cloud, cybersecurity, and media services. TCPSL has ceased to be a subsidiary of Tata Communications Limited, with effect from February 28, 2025. Findi benefits from acquisition with White Label ATM platform, Payment Switch and 4600+ ATMs.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:TATACOMMBombay Stock Exchange

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