15-Oct-2026 14:14:17
TATA COMMUNICATIONS Q2: BOARD APPROVES $92.63 MILLION KALEYRA RESTRUCTURING PLAN
• Board approved transfer of its entire 100% shareholding in Kaleyra Inc. to Tata Communications (Netherlands) B.V. (TCNL). • Transaction Value: Approximately $92.625 million (₹ equivalent not disclosed). • In exchange, Tata Communications will acquire 3,17,632 ordinary shares of TCNL at a fair market value of $291.60 per share. • Objective: Simplify the group's corporate structure by consolidating Kaleyra under its Netherlands subsidiary. • Kaleyra will become a direct subsidiary of TCNL instead of Tata Communications. • Ultimate ownership and economic interest in Kaleyra will remain unchanged. • Company expects no material impact on consolidated financial position. Impact: Neutral — Internal group restructuring aimed at simplifying ownership, without changing the company's ultimate economic interest in Kaleyra.
TATA COMMUNICATIONS LTD