Tata Communications said that Sanjay Baweja, chief financial officer (CFO), will be leaving the organisation to pursue other opportunities.

Tata Communications is currently seeking chief financial officer candidates and intends to complete its search in the near future. In order to facilitate an orderly transition, Baweja will continue serving as Tata Communications' CFO until Nov. 03, 2014.

Baweja's exit from the business is on positive terms. The company appreciates the tremendous work ethic and professionalism exhibited by him over the last five years and wishes him nothing but success in his future endeavours.

Shares of the company gained Rs 5.1, or 1.33%, to trade at Rs 388. The total volume of shares traded was 31,005 at the BSE (10 a.m., Friday).