Overview
Announcements

Acquisition | KALEYRA INC | 5th October 2023

On June 28, 2023 TATA COMMUNICATIONS LTD announced it has entered into a definitive agreement through to acquire KALEYRA INC in a cash only transaction, at a price per share of USD 7.25 per share. KALEYRA INC shareholders approved the transaction at a meeting on September 28, 2023. The closing of the transaction is expected to occur on October 5, 2023, subject to the satisfaction of the remaining closing conditions. Shares of KALEYRA INC will cease trading and will no longer be listed on the NYSE exchange following the closing of the transaction.

The treatment below will be applied to the following indices:

  • KALEYRA INC will be removed from the Index.
  • The weight of KALEYRA INC (KLR.N) based on its last close price will be distributed pro rata to remaining Index constituents.
  • Effective Date (open): 05/10/2023

Solactive US Extended Broad Market Index (GTR)