Tata Communications has completed acquisition of Kaleyra Inc. On June 28, 2023, the company had entered into a definitive agreement with Kaleyra, Inc. The transaction has now been completed upon receipt of the approval by Kaleyra’s stockholders, necessary regulatory approvals, and fulfilment of other customary closing conditions.
Under the terms of the agreement, Tata Communications has paid an aggregate consideration of around $100 million in cash and assumed all of Kaleyra’s outstanding debt. With this, Kaleyra, Inc. and its subsidiaries have now become wholly owned subsidiaries of Tata Communications.
The combination of Tata Communications customer engagement solutions and Kaleyra’s stronghold in technology, engineering and research & development will drive growth of global enterprises, powered by hyper-personalised and intelligent customer interactions.
Tata Communications along with its subsidiaries is a leading global provider of A New World of Communications.
Company Name | CMP |
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Bharti Airtel | 1324.40 |
Vodafone Idea | 13.20 |
Indus Towers | 354.80 |
Tata Communications | 1728.00 |
Bharti Hexacom Ltd. | 867.50 |
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