Tata Communications Limited (TC India) has announced the dilution of its indirect stake in its wholly-owned indirect subsidiary, NetFoundry Inc., a company incorporated in the USA.
- NetFoundry Inc. approved a proposal on April 17, 2025, to raise funds through the issuance of new shares.
- The new shares were issued to venture capitalists SYN Ventures & LDV Partners.
- Transaction documents were executed on April 22, 2025.
- Following this issuance, TC India's indirect stake in NetFoundry Inc. has been diluted from 100% to 11.49%.