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Tata Communications informs about acquisition

22 Dec 2022 Evaluate

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (‘SEBI Listing Regulations’), Tata Communications has informed that Tata Communications (Netherlands) B.V., a wholly-owned indirect subsidiary of the company, has entered into a Membership Investment Purchase Agreement (‘Agreement’) to acquire 100% equity stake in Switch Enterprises, LLC, (a target company in the United States of America) and as part of the transaction, through its wholly-owned subsidiaries, will acquire assets of the subsidiaries of Switch Enterprises, LLC based out of Canada, the United States of America and the United Kingdom. The acquisition is subject to satisfactory completion of the conditions precedent as stipulated in the Agreement and receipt of such permissions and consents, as may be required. Additional Disclosure as required under SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9 September 2015 is attached as Annexure 1. A Press Release in this regard being issued today is also attached.

The above information is a part of company’s filings submitted to BSE.

Tata Communications Share Price

1521.05 -41.30 (-2.64%)
17-Apr-2026 16:59 View Price Chart
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