Tata Communications divests 100% stake in ATM biz for Rs 330 cr

Tata Communications is set to divest its entire 100% stake to Transaction Solutions International (India) (TSI), a company majority-owned by Australia’s digital payments and financial services provider, Findi. The deal, valued at Rs 330 crore, also includes an additional amount linked to interchange rate adjustments outlined in the Share Purchase Agreement (SPA), potentially amounting to Rs 75 crore. This transaction is subject to customary adjustments as stipulated in the SPA.