Exhibit 99.1
HQ/CS/CL.24B/15070
4 April 2013
Sir,
Sub. : Sale of the non-core land assets at Chennai by TCL.
Pursuant to Clause 36 of the Listing Agreement with Indian Stock Exchanges, it is hereby informed that Tata Communications Limited has completed a sale transaction of the land parcel and building situated at Nungambakkam, Chennai, for a transaction value of Rs. 192.3 Crores (Rupees One Hundred Ninety Two Crores and Thirty lakhs). This land parcel and building was earlier being used as a staff housing colony. The company has received the payment of entire amount of Rs. 192.3 Crores.
The above transaction is in line with the Company’s objective of monetizing its non-core assets.
Thanking you,
Yours faithfully,
For Tata Communications Limited
Satish Ranade
Company Secretary &
Chief Legal Office
To:
| 1) | Security Code 23624, The Stock Exchange, Mumbai. Fax No.(22) 22722037,39,41 |
| 2) | Security Code 5251, The Asst. Manager (Listing), National Stock Exchange of India Limited. Fax Nos.: (22) 26598237/38. |
| 3) | National Securities Depository Ltd. Fax Nos. : 2497 29 93. |
| 4) | The Bank of New York. Fax No.2204 49 42. |
| 5) | Sharepro Services. Fax No. 2837 5646 |
| 6) | Marc H. Iyeki, Director, New York Stock Exchange, Fax No: (212) 656-5071 /72 / Managing Director, New York Stock Exchange, Fax No: (212) 265-2016 |
| 7) | Central Depository Services (India) Limited. Fax : 2267 3199. |
Tata Communications Limited
Plot C 21 & C 36 ‘G’ Block Bandra Kurla Complex, Mumbai 400 098 India
Regd. Office : VSB, Mahatma Gandhi Road, Fort, Mumbai – 400 001 India
Tel 91 22 6657 8765 Fax 91 22 6725 1962 website www.tatacommunications.com