MoneyWorks4Me

Bharti Airtel gets shareholders’ nod for amalgamation with Telenor

22 Sep 2017 Evaluate

Bharti Airtel has received an approval from shareholders for its scheme of amalgamation with Telenor India. Shareholders representing 99.98% holding voted in favour of the resolution, while a mere 0.02% voted against it.

Earlier in February, both the companies had signed an agreement for merger under which the Sunil Mittal company will acquire Telenor India’s operations in seven circles -- Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam.

Bharti Airtel is a leading integrated telecommunications company with operations in 18 countries across Asia and Africa.


Peers
Company Name CMP
Bharti Airtel 1817.00
Vodafone Idea 14.26
Indus Towers 381.50
Tata Communications 1693.20
Railtel Corp. India 263.70
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