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Bharti Airtel enters into agreement to acquire 9.01% stake in Avaada CleanTN Project

09 Mar 2022 Evaluate

Bharti Airtel has entered into an agreement resulting into acquisition of aggregate 9.01% equity stake in Avaada CleanTN Project, 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. Cost of acquisition is Rs 7.89 crore.

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


Peers
Company Name CMP
Bharti Airtel 1970.00
Jio Platforms 1431.20
Vodafone Idea 11.82
Indus Towers 378.15
Tata Communications 1676.00
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