Tata Communications has confirmed the formal dissolution of one of its wholly-owned indirect subsidiaries, effective February 16, 2026. This action was completed as part of internal corporate restructuring. The subsidiary’s operations, including existing business contracts, were transferred to Kaleyra US Inc. The dissolution involved no transfer of sale consideration, as the entity was integrated internally. The subsidiary contributed 3.32% to turnover and 12.87% to net worth in FY25.
Confirmation of Subsidiary Dissolution
Tata Communications Limited has formally announced the dissolution of one of its wholly-owned indirect subsidiaries. This step was finalized following internal corporate restructuring efforts within the group.
Key Dates and Operational Transfer
The entity officially underwent dissolution effective February 16, 2026. A critical component of this process involved the transfer of all existing business contracts and agreements previously held by the dissolved entity. These operational assets and agreements were transferred to Kaleyra US Inc., another indirect subsidiary of Tata Communications, via an Asset Transfer Agreement that became effective on February 1, 2025.
Financial Contribution Pre-Dissolution
The disclosure provided the financial impact of the subsidiary during the last financial year (FY25):
- Turnover: ₹ 766.70 crore, representing 3.32% of the consolidated turnover.
- Net Worth: ₹ 790.15 crore, representing 12.87% of the consolidated net worth.
Transaction Details
Since the dissolution was conducted as part of internal restructuring rather than a sale, no consideration was received by the Company upon its dissolution. Furthermore, there were no details regarding buyers, as this was not a third-party sale or slump sale.
Source: BSE
