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Tata Communications was incorporated on March 19, 1986 as VSNL. In February 2002, the Government of India, as per their disinvestments plan, sold 25% of their holding in the company to the strategic partner. Consequently, the company was taken over under the administrative control of TATA.It is the leading global digital ecosystem enabler. It has a leadership position in emerging markets, and an infrastructure that…
Tata Communications released its FY25-26 Business Responsibility Report, showcasing strong ESG performance. The company cut Scope 1 & 2 GHG emissions by 35% and increased renewable energy to 42%. It achieved 99.7% waste recycling and zero fatalities, reporting no material fines or customer data breaches.
Tata Communications has granted 21,741 employee stock options (RSUs) to eligible staff. Approved by the Nomination and Remuneration Committee, these RSUs are exercisable into equity shares with a face value of ₹10 each. The options will vest based on time and performance criteria over 1 to 3 years. This initiative...
Tata Communications has achieved a 'Crisil AAA/Stable' rating for its proposed ₹1,000 Cr Non-convertible Debentures, a top-tier credit assessment. CRISIL also reaffirmed its 'CRISIL A1+' rating for the company's commercial paper program. This robust and stable rating signals strong financial health and stability to the market. For investors, it suggests...
Tata Communications has issued Commercial Paper worth ₹ 500 crore, significantly boosting its short-term liquidity. This financing was secured at an annual discount rate of 5.90%, reflecting the company's effective access to debt markets for its immediate funding requirements. This strategic financial maneuver helps in optimizing working capital and supports...