MoneyWorks4Me

Bharti Airtel gets shareholders’ nod for merger proposal with Tata Teleservices

30 Aug 2018 Evaluate

Bharti Airtel’s shareholders have approved the proposed merger between the company and Tata Teleservices as part of ongoing proceedings at the National Company Law Tribunal (NCLT). There was 100% voting in favour of the resolution from the promoter and promoter group, as well as public - institutions category. The special resolution to approve the proposed composite scheme of arrangement between Tata Teleservices, Bharti Airtel and Bharti Hexacom received 99.97% voting in favour of the resolution.

Bharti Airtel is a leading integrated telecommunications company with operations 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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