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This scheme of arrangement has been approved after after a recommendation of the audit committee, the company said in a statement to the stock exchanges.
“This is subject to receiving approvals of the shareholders and creditors of the company and of SAISPL, Indian stock exchanges, SEBI, the Hon'ble High Court and any other regulatory approvals as may be required,” the company said.
Data centres allow companies to store their data remotely and access them without maintaining servers internally. Tata Communications offers these services to many customers across cities like Mumbai, New Delhi, Bangalore, Hyderabad, Pune, Chennai and Kolkata.
Tata Communications has data centres in other Asian countries like Singapore and Japan. It also has data centres in other countries like Europe and South Africa. The company integrated data centres to its internet backbone, and thereby providing co-location and hosting services.
