Bharti Airtel Limited (BHARTIARTL) — Related Party Transaction | 14 February 2025
Bharti Airtel Limited announced a related party transaction to sell its Passive Infrastructure Business Undertaking, including approximately 12,700 telecom towers, to its subsidiary Indus Towers Limited for up to ₹21,746 crores. The transaction, valued at 1.45% of Bharti Airtel's consolidated turnover and 32% of Indus Towers' turnover, was approved by the Audit Committee and Board as arm's length and in the ordinary course of business. Shareholders must approve it via an ordinary resolution through remote e-voting on KFin Technologies' platform from February 15 to March 16, 2025. Valuation was confirmed by Grant Thornton Bharat LLP and B S R & Co. LLP.
About Bharti Airtel Limited (BHARTIARTL)
Telecommunication · Telecom - Services · Listed on NSE
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🔥 Also filed on 14 February 2025
Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.
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