Mumbai, Feb. 28 -- Tata Communications, a flagship of Tata Group, on Friday said it has successfully completed the divestment of its wholly owned subsidiary, Tata Communications Payment Solutions Limited (TCPSL), to Transaction Solutions International (India) Pvt Ltd (TSI), a majority-owned subsidiary of Australian digital payments and financial services provider Findi.
On 13th November 2024, Tata Communications had entered into a definitive agreement with TSI, to divest its 100% equity stake in TCPSL.
The transaction has now been completed following the receipt of regulatory approval from the Reserve Bank of India (RBI), and the fulfilment of all conditions agreed between the parties under the relevant definitive agreement, Tata Communic...