Bharti Airtel receives CCI nod to raise stake in Indus Tower to 50.5% following share buyback scheme

The Competition Commission of India (CCI) on Tuesday, October 22, cleared telecom giant Bharti Airtel’s proposal to increase its stake in Indus Towers following a buyback of shares by the telecom infrastructure company. “The Commission approves an increase in the percentage shareholding of Bharti Airtel Ltd (Bharti Airtel) in Indus Towers Ltd (Indus Towers) to 50.005 per cent pursuant to the buyback of shares by Indus Towers,” CCI said in a release.