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INDUSTOWER - Indus Towers News Story

₹257.1 2.5  1.0%

Last Trade - 11:19am

Sector
Telecoms
Size
Large Cap
Market Cap £6.71bn
Enterprise Value £8.20bn
Revenue £1.37bn
Position in Universe 63rd / 3107

BRIEF-Bharti Airtel Approves Proposal For Merger Of Indus Towers Into Bharti Infratel

Wed 25th April, 2018 3:46am
April 25 (Reuters) - Bharti Airtel Ltd  BRTI.NS :
    * BOARD EVALUATED ONE OPTION OF OFFER FOR SALE OF
SIGNIFICANT
STAKE IN BHARTI INFRATEL LTD
    * SAYS BOARD EVALUATED OTHER OPTION OF A PROPOSAL FOR MERGER
OF
INDUS TOWERS LTD INTO BHARTI INFRATEL LTD.
    * SAYS APPROVED PROPOSAL FOR MERGER OF INDUS TOWERS LTD INTO
BHARTI INFRATEL LTD.
    * DECIDED TO ENGAGE WITH POTENTIAL INVESTORS FOR EVALUATING
A
STRATEGIC STAKE SALE POST COMPLETION OF MERGER.

Source text - http://bit.ly/2Fcjha8
Further company coverage:  BRTI.NS 

 ((Reuters.Briefs@thomsonreuters.com;))
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