HSA Advocates advised Transaction Solutions International (India) Pvt Ltd on the closing of the transaction for acquisition by it of the 100% share capital of Tata Communications Payment Solutions Limited. HSA Advocates advised Transaction Solutions International (India) Pvt Ltd (TSIL), a subsidiary of Findi Limited, Australia (ASX: FND), on the closing of its acquisition of 100% of the share capital of Tata Communications Payment Solutions Limited (TCPSL), a wholly owned subsidiary of Tata Communications Limited. On November 13, 2024, TSIL had entered into a share purchase agreement (SPA) with TCPSL, to acquire TCPSL.

The transaction has now been completed following the receipt of regulatory approvals from the Reserve Bank of India, and the fulfilment of all conditions precedent under the SPA. HSA Advocates assisted in the completion of the pre-closing and closing date actions under the SPA, both from a corporate and regulatory compliance perspective, and also assisted TSIL in the transition of the ownership of TCPSL to TSIL.

The HSA team was led by Partners Pragya Ohri and Soumya De Mallik with assistance from Principal Associates Prithviraj Chauhan and Kanika Kumar, along with Senior Associate Aditi Soni and Associates Meghana R, Debraj Ghosh and Kaif Khan.

Source: HSA Advocates’ LinkedIn Page