Tata Communications jumps on acquiring 58.1% stake in Oasis Smart SIM Europe SAS

24 Dec 2020 Evaluate

Tata Communications is currently trading at Rs. 1119.50, up by 71.15 points or 6.79% from its previous closing of Rs. 1048.35 on the BSE.

The scrip opened at Rs. 1075.00 and has touched a high and low of Rs. 1139.95 and Rs. 1074.50 respectively. So far 19731 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,139.95 on 24-Dec-2020 and a 52 week low of Rs. 205.70 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1139.95 and Rs. 887.15 respectively. The current market cap of the company is Rs. 31868.70 crore.

The promoters holding in the company stood at 74.99%, while Institutions and Non-Institutions held 19.04% and 5.98% respectively.

Tata Communications has acquired majority equity stake of 58.1% in Oasis Smart SIM Europe SAS (Oasis), a France-headquartered embedded-SIM (eSIM) technology provider. Oasis develops and provides advanced technologies and personalized services to enable the deployment of eSIM and SIM technologies. With this investment, eSIM technology will be fully integrated into Tata Communications MOVE, enabling an end-to-end embedded connectivity solution and strengthening Tata Communications MOVE as a single source platform for global enterprise mobility needs. Tata Communications will drive and accelerate product roadmap R&D with Oasis, leveraging and amplifying the growth in the mobility and IoT markets.

Tata Communications and Oasis have a shared vision of making connectivity across end users, devices and machines, all-pervasive. Tata Communications MOVE enables enterprises and device manufacturers to capture, move and manage information worldwide through borderless, secure and scalable connectivity, with a network independent, platform approach. With this investment, the company will deliver an enhanced full-service enterprise mobility solution to customers through complete access and management of the eSIM and software layer.

Tata Communications along with its subsidiaries is a leading global provider of A New World of Communications

Tata Communications Share Price

1805.10 3.20 (0.18%)
18-May-2024 12:50 View Price Chart
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