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Bharti Airtel acquires around 26.95 million equity shares in Indus Towers

19 Jun 2024 Evaluate

Bharti Airtel has acquired around 26.95 million (i.e. 1%) equity shares of Indus Towers. The Special Committee of Directors for evaluation of stake in Subsidiaries and Joint Ventures’ has on June 19, 2024, approved the acquisition of upto 27 million equity stake in Indus Towers. 

Earlier, the company had prepaid the entire dues of Rs 7,904 crore for the spectrum it acquired in 2012 and 2015 to the Department of Telecom. 

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

Peers
Company Name CMP
Bharti Airtel 2065.00
Jio Platforms 1412.20
Vodafone Idea 12.68
Indus Towers 383.20
Tata Communications 1701.60
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