Tata Communications’ wholly-owned direct subsidiary -- Tata Communications International (TCIPL) has entered into a Share Purchase Agreement (Agreement) to acquire remaining (41.9%) equity ownership of Oasis Smart Sim Europe SAS (OSSE France). As a result of this transaction, TCIPL will increase its equity shareholding in OSSE France from its current stake of 58.1% to 100%. Accordingly, OSSE France and its subsidiary Oasis Smart E-Sim Pte (OSEPL) shall become wholly-owned indirect subsidiaries of the Company. The acquisition is subject to satisfactory completion of the conditions precedent as stipulated in the Agreement.
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