Bharti Hexacom puts ₹1,134 cr tower sale deal with Indus Towers on hold after TCIL intervenes

Bharti Airtel-owned Bharti Hexacom has put on hold its deal to sell 3,400 towers for ₹1,134 crore to Indus Towers, following an intervention by state-owned Telecommunications Consultants India Ltd, which holds a 15% stake in the company.

TCIL asked the company to start a fresh process that meets its requirements as a public sector undertaking, Bharti Hexacom said in an exchange filing late on Wednesday.