Tata Communications Limited has announced a key step in simplifying its group structure by moving Tata Communications (UK) Limited (TC UK), a step-down wholly-owned subsidiary, directly under its ownership. The Board of TC UK approved a proposal to reduce its issued share capital from USD 12.22 million to USD 1.69 million, by cancelling 6.5 million shares held by Tata Communications (Netherlands) B.V., an indirect wholly-owned subsidiary of the company.
This intra-group transaction does not affect the ultimate ownership, and Tata Communications will become the sole direct shareholder of TC UK following regulatory approvals. The move has already received clearance from the UK Secretary of State under the UK National Security and Investment Act 2021.
The capital reduction is part of Tata Communications’ strategy to simplify its corporate structure and enhance operational efficiency. The company remains committed to its long-term vision while maintaining its existing shareholding pattern.
