A New Chapter: Tata Communications Welcomes SYN Ventures & LDV Partners as NetFoundry Raises Fresh Capital

Tata Communications has announced a dramatic dilution of its stake in US-based subsidiary NetFoundry Inc., marking a pivotal moment in the company’s global investment strategy. NetFoundry’s board and shareholders have approved a significant fundraising round through the issuance of new shares to SYN Ventures and LDV Partners, two leading venture capital firms. As a result, Tata Communications’ indirect holding in NetFoundry will drop sharply from 100% to just 11.49%.

 

Key Highlights:

This bold step allows NetFoundry to accelerate its technology roadmap with fresh capital and strategic guidance, while Tata Communications sharpens its focus on its primary digital infrastructure and connectivity businesses.

 

Source: Tata Communications Exchange Filings, NSE, BSE