{"id":849184,"date":"2024-08-29T08:24:06","date_gmt":"2024-08-29T02:54:06","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=849184"},"modified":"2024-08-29T08:28:18","modified_gmt":"2024-08-29T02:58:18","slug":"indus-towers-to-become-bharti-airtel-subsidiary-after-share-buyback","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/29\/indus-towers-to-become-bharti-airtel-subsidiary-after-share-buyback\/","title":{"rendered":"Indus Towers to become Bharti Airtel subsidiary after share buyback"},"content":{"rendered":"<p>Bharti Airtel is set to hold an over 50 per cent stake in Indus Towers after the tower management firm&#8217;s board approved the buyback of 56.7 million equity shares, Indus Towers has informed the exchanges. Consequently, Indus Towers Limited will become a subsidiary of Bharti Airtel Limited under the provisions of the Companies Act, 2013, the company said in a late-night filing on August 27. <\/p>\n<p>Currently, Bharti Airtel has a 48.95 per cent stake in Indus Towers, which will now rise to 50.05 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bharti Airtel is set to hold an over 50 per cent stake in Indus Towers after the tower management firm&#8217;s board approved the buyback of 56.7 million equity shares, Indus Towers has informed the exchanges. Consequently, Indus Towers Limited will become a subsidiary of Bharti Airtel Limited under the provisions of the Companies Act, 2013, the company said in a late-night filing on August 27. Currently, Bharti Airtel has a 48.95 per cent stake in Indus Towers, which will now rise to 50.05 per cent.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,4,35],"tags":[],"class_list":["post-849184","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-telecom-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/849184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=849184"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/849184\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=849184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=849184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=849184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}