Reserve Bank of India has increased the limit of investments by Foreign Institutional Investors (FIIs)/Registered foreign portfolio investors in Bharti Airtel to 74% of the company’s paid-up capital. The company has already passed resolutions at its Board of Directors’ level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs.
Bharti Airtel is a leading integrated telecommunications company with operations in 20 countries across Asia and Africa. The company ranks amongst the top 5 mobile service providers globally in terms of subscribers.
