MoneyWorks4Me

Bharti Airtel secures CCI’s nod to raise stake in Indus Towers

23 Oct 2024 Evaluate

The Competition Commission of India (CCI) has approved an increase in the percentage shareholding of Bharti Airtel in Indus Towers to 50.005% pursuant to buy back of shares by Indus Towers. Indus Towers is a passive telecom infrastructure provider. It deploys, owns, and manages passive telecom infrastructure for various mobile operators.

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


Peers
Company Name CMP
Bharti Airtel 1872.75
Vodafone Idea 12.34
Indus Towers 380.40
Tata Communications 1721.10
Railtel Corp. India 250.80
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