Tata Communications gains on completing full acquisition of Oasis Smart SIM Europe SAS
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Tata Communications is currently trading at Rs. 1788.90, up by 15.15 points or 0.85% from its previous closing of Rs. 1773.75 on the BSE.
The scrip opened at Rs. 1776.05 and has touched a high and low of Rs. 1803.95 and Rs. 1755.00 respectively. So far 129157 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,803.95 on 31-Jul-2023 and a 52 week low of Rs. 1032.00 on 04-Aug-2022.
Last one week high and low of the scrip stood at Rs. 1803.95 and Rs. 1565.05 respectively. The current market cap of the company is Rs. 51271.50 crore.
The promoters holding in the company stood at 58.86%, while Institutions and Non-Institutions held 31.25% and 9.88% respectively.
Tata Communications has completed the acquisition of remaining 41.9% equity in Oasis Smart SIM Europe SAS (Oasis), a leading embedded-SIM (eSIM) technology provider, through its Singapore-based subsidiary Tata Communications International (TCIPL). With the close of this transaction, Tata Communications now completes acquisition of 100% equity shareholding in Oasis Smart SIM Europe.
The combined power of Tata Communications MOVE platform and Oasis eSIM (embedded SIM) and remote SIM provisioning capabilities will equip global enterprises with end-to-end, scalable and secure eSIM connectivity. This is crucial for delivering intelligent and intuitive IoT applications, and stitching a digital fabric of secure, connected and digital experiences.
Tata Communications along with its subsidiaries is a leading global provider of A New World of Communications.
