Update on simplification of the existing group structure of Tata Communications Limited and its subsidiaries.
Awaiting price reaction for this filing.
Tata Communications Limited is simplifying its group structure by making Tata Communications (Netherlands) B.V. (TC Netherlands) a direct wholly-owned subsidiary instead of a step-down subsidiary. The mechanism is a buyback by TC Netherlands of its 16,718,000 shares (€1 each, total €16,718,000) currently held by Tata Communications International Pte. Ltd. (TC Singapore), another wholly-owned subsidiary. As consideration, TC Netherlands will pay USD 88,774,518 to TC Singapore. The Board of TC Netherlands approved this on April 2, 2025. This is an internal intra-group transaction, and the ultimate beneficial ownership of TC Netherlands does not change.
This is a purely internal corporate restructuring with no change in ultimate ownership or economic interest. Shareholders should not expect any material impact on earnings, shareholding, or stock price, though it may marginally streamline the group's corporate structure going forward.