Tata Communications gets RBI nod to sell ATM biz to Australian firm Findi

Mumbai: The Reserve Bank has approved the full sale of Tata Communications Payment Solutions, a wholly-owned subsidiary of Tata Communications that operates brown label ATMs, to Findi, an Australia-based brown label ATM operator, for ₹405 crore.

In a Monday statement, Findi said the acquisition will be carried out through its majority-owned Indian subsidiary Transaction Solutions International India and post-deal the number of its brown label ATM network in the country will jump to over 12,000 from 7,500 now.