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Bharti Airtel to acquire 12.07% stake in Egan Solar Power

22 Jun 2023 Evaluate

Bharti Airtel has entered into an agreement for acquisition of 283,400 (12.07%) equity shares in Egan Solar Power, 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.

The completion of the acquisition is subject to the receipt of all consents, permissions required to be obtained by Egan Solar from regulatory authority for open access for captive consumption of electricity. Cost of acquisition is Rs 1.33 crore in aggregate for acquisition of 283,400 equity shares of Rs 10 each at a securities premium of Rs 37.20 each.

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

Bharti Airtel Share Price

1910.10 34.05 (1.81%)
03-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Bharti Airtel 1910.10
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Indus Towers 383.40
Tata Communications 1905.05
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