Tata Communications Limited has informed the Exchange about update on dissolution of a wholly owned indirect subsidiary.
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Tata Communications has informed the exchanges about the dissolution of its wholly-owned indirect subsidiary, BUC Mobile Inc., effective February 16, 2026. In the last financial year (FY25), BUC Mobile contributed ₹766.70 crore in turnover (about 3.32% of the company's total) and had a net worth of ₹790.15 crore (12.87% of the company's net worth). The company has clarified that no sale consideration was received because this is a dissolution carried out as part of an internal corporate restructuring, not a sale to a third party. Importantly, BUC Mobile's existing business contracts and agreements were already transferred to Kaleyra US Inc., another indirect subsidiary of Tata Communications, via an Asset Transfer Agreement that took effect on February 1, 2025.
This is a routine internal restructuring with no material impact on shareholders — the underlying business continues within the group under Kaleyra US Inc., and no cash is changing hands. Investors are unlikely to see any meaningful effect on the stock price from this announcement.