Bharti Airtel gets approvals for 100% FDI in subsidiaries

Top Stories

»	RBI MPC meet begins, status quo on policy rate likely amid West Asia tensions
»	Govt launches programme to train scientists in Governance under Mission Karmayogi
»	India's fisheries sector draws Rs 39,272 crore investment since 2015, seafood exports double
»	India’s exports to Australia more than double after bilateral trade pact
»	India IPO market hits highest Q1 since 2018, raises $2.5 billion

SME Times News Bureau | 12 Jan, 2021
Telecom major Bharti Airtel on Tuesday said that it has received required regulatory approvals for 100 per cent foreign direct investment in its downstream companies.

In a regulatory filing, the company said that it is initiating the process to revise its foreign investment limit, as notified to its depositories, to 100 per cent with immediate effect.

"Further to our intimation dated January 21, 2020, we wish to inform you that in compliance of the FDi approval dated January 20, 2020 granted to the Company by the Department of Telecommunications, the company has received approvals for its relevant downstream investments," it said.

Shares of Bharti Airtel on the BSE closed at Rs 565.75 per share on Tuesday, higher by Rs 18.65, or 3.41 per cent, from its previous close.