Cyril Amarchand Mangaldas (CAM) advised Tata Communications Limited and its wholly owned subsidiary Tata Communications Payment Solutions Limited (TCPSL), on the 100% sale of TCPSL to Transaction Services International (India) Private Limited (“TSI”), a subsidiary of Findi Limited (Australia) (listed on ASX). The acquisition is subject to approval from the RBI and completion of customary conditions.

The transaction team was led by Anu Tiwari, Partner & Head - Fintech and Financial Services; Lakshmi Prakash, Partner;  with support from Jemima Chelliah, Associate; Maria Borges, Associate; and Neville Tata, Associate.

Swati Sharma, Partner & Head - Intellectual Property; advised on Intellectual Property related aspects of the transaction.

Bipluv Jhingan, Principal Associate; advised on Tax related aspects of the transaction.