Pursuant to the provisions of Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’’) and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, Tata Communications has informed that NetFoundry Inc., a company incorporated under the laws of United States of America and a wholly-owned indirect subsidiary of the company (‘TC India’), has, via resolution of its Board and sole shareholder dated 17th April 2025, approved the proposal for raising of funds through issuance of new shares to venture capitalist, SYN Ventures & LDV Partners (‘Acquirer’). Further, the transaction documents, have been executed on April 22, 2025, pursuant to which there is a dilution of the existing 100% stake held indirectly by TC India in NetFoundry Inc., to 11.49%. The aforesaid disclosure is also available on the website of the Company at https://www.tatacommunications.com/investors/filings/.
The above information is a part of company’s filings submitted to BSE.
