SC upholds Bharti Telecom’s share capital reduction

New Delhi: The Supreme Court on Tuesday dismissed a batch of appeals filed by minority shareholders of Bharti Telecom Limited (BTL), upholding the company’s decision to reduce its share capital and ease out individual investors.

A bench of Justices Sanjay Kumar and K Vinod Chandran said that the valuation of shares is an expert exercise and that the company had followed the due process of law under the Companies Act provision.