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Bharti Airtel to acquire 26% stake of AMPSolar Evolution

22 Oct 2019 Evaluate

Bharti Airtel has inked a pact with AMPSolar Evolution to acquire 26 percent stake in the solar power firm for Rs 8.4 crore. The company has signed an agreement with the renewable energy company to meet the green energy needs and optimize energy costs, as well as to comply with the regulatory requirement around consumption of electricity.

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

Peers
Company Name CMP
Bharti Airtel 1741.00
Vodafone Idea 12.65
Indus Towers 376.00
Tata Communications 1685.50
Railtel Corp. India 257.20
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