Bharti Hexacom gets majority shareholder nod to sell mobile towers to sister concern for ₹1,134 cr
New Delhi: Bharti Hexacom has received approval from the majority shareholders at its 30th annual general meeting to sell mobile towers to its sister concern for ₹1,134 crore, according to a regulatory filing on Wednesday.
The Bharti Airtel group shared that its resolution “to approve material related party transactions with Indus Towers Limited, a related party” has been approved with 88.28% votes at the annual general meeting.
Sources said that state-run Telecom Consultants of India (TCIL), which holds a 15% stake in the company, had opposed the deal, citing valuation issues.
