Bharti Infratel extends deadline for merger with Indus Towers

24 Feb 2020 Evaluate

Bharti Infratel has extended the deadline for its merger with Indus Towers by two more months to April 24, but cautioned that final call on scheme implementation will be taken by the board based on assessment of telecom crisis and its impact. The final decision to implement the scheme will be taken by the board keeping in mind the best interest of the company and its stakeholders including the assessment of the current crisis facing the telecom industry and the extent of its impact on the company's major customers.

The board of directors has further extended long stop date till April 24, 2020, subject to agreement on closing adjustment and other conditions precedent for closing, with each party retaining the right to terminate and withdraw the scheme.

Bharti Infratel is a provider of tower and related infrastructure, and deploys, owns and manages telecom towers and communication structures for various mobile operators.

Indus Towers Share Price

291.15 8.00 (2.83%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Bharti Airtel 1236.20
Vodafone Idea 13.24
Indus Towers 291.15
Tata Communications 2011.25
Railtel Corporation Of India Ltd. 363.70
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.