The Telecom department of India has approved the Bharti Airtel Ltd to increase Foreign Direct Investment (FDI) in the company to 100%. The approval from the Telecom department will enable Singtel or Singapore Telecommunications Ltd to increase its stake in Bharti Airtel Ltd. Singapore Telecommunications Ltd currently owns 35% stake in Bharti Airtel. This approval will also enable Bharti Airtel company to raise more capital as per its requirement. It also opens the door for the Indian telecom operator to raise more funds from other foreign investors.
Bharti Telecom is the single-largest shareholder in Bharti Airtel with about a 41% stake while Singtel owns 48% in Bharti Telecom, which provides it a 35% stake in Bharti Airtel.
India celebrates its Independence Day on August 15th, marking a proud moment to reflect on…
India’s struggle for independence was shaped by the courage and sacrifices of countless individuals, many…
What is E20 Fuel? E20 fuel is a blend of 20% ethanol and 80% petrol.…
The National Flag of India, called the Tiranga, represents the country’s pride and unity. It…
Deserts are vast dry lands that receive very little rainfall and often have extreme temperatures,…
Independence Day is a proud and meaningful occasion for every Indian, bringing feelings of unity…