Bharti Airtel through its subsidiary Nettle Infra buys 23% stake in Indus Towers
By MYBRANDBOOK
According to a regulatory filing, Bharti Airtel by its wholly owned subsidiary Nettle Infrastructure raised its stake in Indus Towers with acquisition of 23.01% shares. At present Bharti Airtel possesses 47.95% stake in Indus Towers.
Earlier, the telecom operator held 24.94% stake directly and 23.01% through Nettle Infrastructure.
Bharti Airtel has acquired the 23.01% stake of Indus Towers from Nettle to directly own 47.95% in the mobile tower firm.
This is pursuant to the "composite scheme of amalgamation approved by the Hon'ble National Company Law Tribunal, Chandigarh bench, vide its order dated January 25, 2023 and becoming effective from February 1, 2023", the filing said.
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