With reference to the Buyback of upto 56,774,193 equity shares (representing ~2.107% of the total number of equity shares in the paid-up share capital) by Indus Towers, a joint venture company in which the Company currently holds 48.95% shareholding. Bharti Airtel has informed that in terms of communication dated August 27, 2024 issued by Indus Towers, the shareholding of the Company in Indus Towers will increase to more than 50% (i.e. ~50.005%) of its paid-up share capital, subject to completion of relevant activities within stipulated timelines for the said Buyback. Consequently, Indus Towers will become a subsidiary of the Company under the Companies Act, 2013.
The above information is a part of company’s filings submitted to BSE.
