MoneyWorks4Me

Bharti Airtel to acquire stakes in Avaada MHBuldhana

21 Nov 2020 Evaluate

Bharti Airtel has entered into an agreement for acquisition of equity shares in Avaada MHBuldhana a special purpose vehicle formed for the purpose of owning and operating the Captive Power Plant, in terms of the regulatory requirement for captive power consumption under electricity laws.

Avaada MHBuldhana is a newly formed company and developing captive generating solar power plant in Maharashtra which will become operational by March 2021.

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
View more..