Minority shareholders question Bharti Telecom’s plan to cut capital

he shareholders’ counsel, in a submission before the National Company Law Appellate Tribunal (NCLAT), on Tuesday argued that the price offered by Bharti Telecom to shareholders for buying back their shares at Rs 196 per equity share was significantly lower than the prevailing market rate. The counsel said five months before the capital reduction scheme, Bharti Telecom had issued shares at Rs 310 to SingTel Group