Transaction Solutions International (India) Private Limited agreed to acquire Tata Communications Payment Solutions Limited from Tata Communications Limited (NSEI:TATACOMM) for INR 4.05 billion on November 13, 2024. A cash consideration of INR 4.05 billion will be paid by Transaction Solutions International (India) Private Limited. As part of consideration, INR 4.05 billion is paid towards common equity of Tata Communications Payment Solutions Limited. The consideration is subject to customary adjustments. The transaction is subject to approval Reserve Bank if India. The transaction is to be completed by the end of the fourth quarter of FY 2024-25.

Anu Tiwari, Lakshmi Prakash and Swati Sharma of Cyril Amarchand Mangaldas acted as legal advisor to Tata Communications Payment Solutions Limited and Tata Communications Limited.