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.