Tata Communications Limited has informed the Exchange about Dissolution of a wholly owned indirect subsidiary.
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Tata Communications has voluntarily dissolved BUC Mobile, Inc., its wholly owned indirect subsidiary based in Delaware, USA, effective February 16, 2026, after completing the required filings with the Delaware Secretary of State. BUC Mobile contributed ₹766.70 crore (3.32%) to FY25 turnover and had a net worth of ₹790.15 crore (12.87%). No consideration was received by Tata Communications since this is a dissolution rather than a sale, and no buyer is involved. The disclosure is being made under SEBI Listing Regulations to keep the exchange informed of this corporate action.
This is a routine corporate restructuring move with no cash inflow or outflow. The dissolving subsidiary is a relatively small part of Tata Communications' overall business (3.32% of revenue), so the financial impact on shareholders is expected to be minimal. Shareholders should view this as housekeeping rather than a strategic shift, though the net worth write-off of ₹790 crore could modestly affect consolidated book value.