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.