Bharti Airtel Ltd.

Bharti Airtel has received its shareholders’ approval for proposal for selling the company’s Data Centre and Managed Services business to its wholly-owned subsidiary Nxtra Data for about Rs 177 crore.

The transfer consideration has been arrived at on the basis of enterprise value of the DCMS business after reducing the liabilities in relation to the said business. The company already, on July 30, received its board’s approval for the transaction.

Bharti Airtel owns seven operational data centres across the country. Out of them, two are in Noida, one each in Chennai, Bangalore, Pune, Bhubaneswar and Mumbai.