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Bharti Airtel informs about update on subsidiary company

22 Jun 2022 Evaluate

In furtherance to the announcement dated July 01, 2020 (enclosed as Annexure A) and pursuant to the terms of Agreement entered into between the parties, Bharti Airtel has informed that upon conversion of 17.88 million Non-Cumulative 0.0001% Compulsory Convertible Preference Shares of face value of Rs 1000 each aggregating to Rs 17,880 million, CA Cloud Investments ('Carlyle') now holds 24.04% equity stake in Nxtra Data ('Nxtra'), a subsidiary Company. The Company continues to hold the remaining equity stake in Nxtra.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Bharti Airtel 1791.00
Vodafone Idea 14.10
Indus Towers 380.00
Tata Communications 1671.60
Railtel Corp. India 261.35
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