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Saturday, 3 June 2017

Airtel-Telenor India merger plan gets Sebi,BSE,NSE nod

Bharti Airtel has received approvals from the Securities & Exchange Board of India, BSE and the National Stock Exchange of India for its proposed merger with Telenor India.

Airtel entered into an agreement with Telenor South Asia Investments in February, 2017 to buy Telenor India’s operations in Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam. These seven circles contribute about 35% to Airtel’s total revenue.

Static Takeaways for SBI PO Mains Exam-
  • Sunil Bharti Mittal is the Chairman of  Bharti Airtel.
Source- The Indian Express

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