Tata Communications has issued and allotted a commercial paper aggregating to ₹350 crore on June 29, 2026, to meet its short-term funding requirements. The debt instrument carries a discount rate of 6.80% per annum and is set to mature on September 28, 2026. The issuance was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Commercial Paper Issuance Details

The company disclosed the following specific parameters regarding the issuance:

The commercial paper has been listed on the National Stock Exchange of India Limited. The instrument carries a face value of ₹5,00,000 per security. This allotment marks a specific short-term borrowing activity by the company in the money market.

Tata Communications has announced a strategic overhaul of its senior management, appointing Rupesh Chokshi as Executive Vice President and Global Business Head – Network Services and Chief Technology Officer, and Vivek Srivastava as Executive Vice President and Business Head – Cloud and Cyber Security Services. These leadership changes, effective August 2026, are aimed at accelerating the company's growth in network infrastructure, cloud, and cybersecurity services. The appointments follow the retirement of Sivasamban Natarajan and the resignation of Genius Wong, marking a significant transition in the company's executive structure.

Leadership Transition Details

The Board of Directors approved the appointments based on the recommendation of the Nomination and Remuneration Committee. Sivasamban Natarajan retired as Executive Vice President and Head of Operations effective June 30, 2026. Genius Wong resigned as Executive Vice President – Core and Next-Gen Connectivity Services and Chief Technology Officer effective July 31, 2026. The Board placed on record its appreciation for the contributions of both outgoing executives.

Rupesh Chokshi will join the company effective July 6, 2026, as Executive Vice President & Global Business Head – Network Services (Designate) to facilitate a smooth transition, assuming the full role on August 1, 2026. Vivek Srivastava will assume his new role effective August 17, 2026.

Executive Profiles

Rupesh Chokshi brings over 25 years of experience in global networking, cloud connectivity, and cybersecurity. Most recently, he served as Senior Vice President and General Manager of Application Security at Akamai Technologies, where he led a $1.4 billion global business. Prior to that, he held senior positions at AT&T, building a $2 billion global next-generation networking business. He holds an MBA from New York University Stern School of Business.

Vivek Srivastava brings over 27 years of experience in cybersecurity, cloud infrastructure, and digital transformation. He joins from Fortinet, where he served as Country Manager for India & SAARC. He has previously held leadership roles at CrowdStrike, Cisco Systems, and IBM, specializing in SASE, Zero Trust Security, and AI-driven infrastructure.

The following table summarizes the key leadership changes:

Strategic Focus

These appointments reflect Tata Communications' strategic focus on strengthening its leadership bench to drive innovation in AI-enabled, software-defined, and cloud-native network services. The company aims to enhance its capabilities to serve as the operating backbone for enterprise AI needs, leveraging the new executives' expertise in next-generation networks and secure digital infrastructure.