Bharti Airtel Limited to Acquire Majority Stake in Beetel Teletech Limited

Bharti Airtel Services Limited, a wholly-owned subsidiary of Bharti Airtel Limited, has entered into an agreement to acquire 49,45,239 equity shares representing 97.1% stake in Beetel Teletech Limited, a Bharti Group company. The acquisition is a related party transaction and has been reviewed and approved by the Audit Committee of the Company in terms of Regulation 23 of SEBI Listing Regulations. The consideration for the acquisition is INR 669 crores and is expected to be completed as mutually agreed between the parties.,