The deal was executed at a price of Rs 325 per share
By Yuvraj Malik
It has received the final nod from Reserve Bank of India.
Telecom major Bharti Airtel Ltd on Wednesday said it will undertake restructuring of its foreign subsidiaries with an aim to delayer and simplify the structure and bring in synergies among the companies. “The Board of Directors…has approved the company’s investments in its wholly-owned subsidiaries Bharti Airtel International (Mauritius) Ltd (BAIM),… Read more »
Airtel Payments Bank (APB), a joint venture between Bharti Airtel Ltd and Kotak Mahindra Bank Ltd, said it will spend Rs3,000 crore to develop a pan-India banking network and digital payments ecosystem. Through their 80:20 joint venture, Bharti and Kotak aim to disrupt a banking system that has gradually woken… Read more »
While industrialists Sunil Munjal and Saroj Poddar are in talks to buy minority stake in Paytm, Bharti Airtel is looking to buy the India business of Telenor. Sunil Munjal, Saroj Poddar eye stake in Paytm Sunil Munjal, chairman of Hero Corporate Services and Saroj Poddar chairman of Adventz Group are are in… Read more »
Fuelled by a consolidation wave and rising confidence in the country’s economic growth prospects, merger and acquisition (M&A) activity increased to $69.75 billion across 1,195 announced transactions in 2016, beating the previous record of $66.96 billion seen in 2007, when dealmaking was at its peak, according to data compiled by… Read more »
The fierce battle in the telecom industry is expected to result in a fair bit of M&A (mergers and acquisitions) activity in 2017. Regardless of whether companies move towards consolidation, it looks like there will be some asset sales, especially in the tower infrastructure space. While announcing its September quarter… Read more »