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Bharti Airtel informs about amalgamation

20 Dec 2017 Evaluate

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Bharti Airtel has informed that the Board of Directors in its meeting held on December 19, 2017, has approved Composite scheme of arrangement between Tata Teleservices(Transferor Company), Bharti Airtel (Transferee Company 1) and Bharti Hexacom (Transferee Company 2) and their respective shareholders and creditors, under sections 230 to 232 of the Companies Act, 2013 (Scheme 1); and also approved Scheme of arrangement between Tata Teleservices (Maharashtra) (Transferor Company) and Bharti Airtel(Transferee Company) and their respective shareholders and creditors, under sections 230 to 232 of the Companies Act, 2013 (Scheme 2).

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Bharti Airtel 1974.00
Jio Platforms 1423.05
Vodafone Idea 12.11
Indus Towers 382.50
Tata Communications 1713.15
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