Tata Communications Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 01, 2013 has approved a Scheme of Arrangement for transfer of its India Data Centre Business (IDC) to its wholly owned subsidiary S&A Internet Services Private Limited (SAISPL) after considering the recommendation of the Audit Committee and subject to receiving approvals of the shareholders and creditors of the Company and of SAISPL, Indian Stock Exchanges. SEBI, the Hon'ble High Court and any other regulatory approvals as may be required.