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Bharti Airtel planning to spend around Rs 1.17 lakh crore on subsidiaries in five years

07 Feb 2022 Evaluate

Bharti Airtel is planning to spend around Rs 1.17 lakh crore through business transactions with its subsidiaries like Indus Towers, Nxtra and Bharti Hexacom in five years. According to the EGM notice, Bharti Airtel will spend Rs 88,000 crore in business with mobile tower company Indus Towers, Rs 15,000 crore for availing services of datacentre firm Nxtra and transaction of up to Rs 14,000 crore with Bharti Hexacom.

Also, the company is all set to hold an extraordinary general meeting of the members of the company on February 26 to seek their approval for issuing shares to Google for its about Rs 7,500 crore investment in the company to buy 1.28 per cent stake.

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

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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