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.
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About Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas (cam) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government and regulatory bodies. The Firm generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. The Firm is one of the largest full-service law firm in India and offices in key business centers at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City, Singapore and Abu Dhabi.
The Firm received “National Law Firm of the Year: India” at the IFLR Asia-Pacific Awards for the second consecutive years in 2023 and 2022 and “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards. The Firm had won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2022.
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