Tata Communications get RBI nod to sell ATM biz to Australian co Findi

Tata Communications has received approval from the Reserve Bank of India (RBI) to sell its ATM business to an Australian company. The deal, valued at a significant amount, marks a major shift in Tata Communications’ business strategy as it focuses on its core communication and technology services. The transaction highlights the growing trend of divestitures among companies seeking to streamline operations and concentrate on their primary sectors. The Australian company, in turn, aims to expand its footprint in India’s ATM and financial services market.