Bharti Airtel has received approval from shareholders for issuance of preferential shares to Google for its about Rs 7,500 crore investment in the company to buy 1.28 per cent stake. A special resolution to approve Google's investment was approved by over 99 per cent of the shareholders. The investment comprises $700 million equity investment in Bharti Airtel at a price per share of Rs 734 and $300 million will go towards implementing commercial agreements, which will include investments in scaling Airtel's offerings that cover a range of devices to consumers via innovative affordability programmes as well as other offerings aimed at accelerating access and digital inclusion across India's digital ecosystem.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.
