Bharti Infratel, Indus Tower merger deal gets Sebi nod
Updated : July 25, 2018 02:58 PM IST
Mobile tower arm of telecom major Bharti Airtel, Infratel on Wednesday said it has received clearance from stock exchanges for its merger with Indus Towers. It will now approach National Company Law Tribunal for its approval, the company said.
"We are pleased to inform you that "no adverse observation" letter has been received from the Stock Exchange for the proposed merger of Bharti Infratel Limited and Indus Towers Limited.
"The company will file the first motion petition before the National Company Law Tribunal in due course," Bharti Infratel said in filing at both BSE and NSE.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more