
RBI Approves Tata Communications’ ₹300 Crore ATM Business Stake Sale to Australian Fintech
In a significant development within India’s financial technology sector, the Reserve Bank of India (RBI) has granted approval for Tata Communications to divest its stake in its Automated Teller Machine (ATM) business to an Australian fintech company for a transaction valued at ₹300 crore. This strategic move underscores the evolving dynamics of the Indian ATM…