Bharti Airtel shareholders OK Google’s purchase of 1.28% stake for $700 mn; also approve Rs 1.1 lakh cr deals : Rashtra News
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Bharti Airtel shareholders on Saturday approved selling 1.28% equity stake to Google for $700 million. The company will issue equity shares to US tech giant Google on “a preferential basis”.
Bharti Airtel shareholders on Saturday approved selling 1.28% equity stake to Google for $700 million. The company will issue equity shares to US tech giant Google on “a preferential basis”. Shareholders also approved Bharti Airtel’s plans to spend Rs 1.17 lakh crore in related-party deals, including opex via joint venture Indus Towers. “The resolutions (as part of special businesses) were approved by the members of the company with overwhelming majority at Airtel’s extraordinary general meeting (EGM) on 26 February,” Bharti Airtel said in a regulatory filing.
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( News Source :Except for the headline, this story has not been edited by Rashtra News staff and is published from a www.financialexpress.com feed.)
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