Tata Communications announces the winding-up and liquidation of its non-operating, wholly-owned indirect subsidiary, MGAGE SA de CV, domiciled in Mexico. Effective October 1, 2025, the liquidation follows the completion of requisite filings with the Foreign Investment Registry and cancellation procedures with Mexican authorities. This move streamlines the company’s international operations.
Subsidiary Liquidation Completed
Tata Communications has completed the winding-up of MGAGE SA de CV, a wholly-owned indirect subsidiary located in Mexico. The liquidation became effective on October 1, 2025. This action follows the completion of necessary filings and cancellation processes with relevant government bodies in Mexico.
Details of the Winding-Up
The entity, MGAGE SA de CV, was a non-operating subsidiary. The completion included fulfilling requirements with the Foreign Investment Registry, the Servicio de Administración Tributaria (SAT), and the Secretaría de Economía (SE-RNIE). As the entity is an indirect subsidiary, no material consideration was received by the Company as a result of the liquidation.
Source: BSE
