Tata Communications Limited
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…
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Tata Communications has completed the voluntary liquidation and dissolution of its non-operating, wholly owned indirect subsidiary, Kaleyra Africa. Since the entity was non-operating, this structural cleanup has no financial impact on turnover or net worth.
Tata Communications partners with Tata Motors Passenger Vehicles to equip the new Sierra.ev with in-built 5G connectivity. This accelerates Software-Defined Vehicle deployment, enabling seamless digital experiences, enhanced safety features, and faster over-the-air updates for customers.
Tata Communications issued and listed ₹300 Cr Commercial Paper on NSE. This short-term financing move enhances the company's liquidity, supporting ongoing business operations.
Tata Communications issued and allotted Commercial Paper aggregating ₹250 crore at a 6.51% annual discount rate. This short-term debt is redeemable in November, bolstering the company's working capital and short-term financing.
Tata Communications granted 2,49,092 Restricted Stock Units (RSUs) to eligible employees under its 2023 plan. This incentivizes staff, with RSUs vesting over 1-3 years and converting into equity shares, leading to minor potential dilution.