Question
Download Solution PDFBharti Airtel Ltd on March 29 acquired _________from UK’s Vodafone Group Plc for Rs 2,388.05 crore.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Indus Towers Ltd.
Key Points
- Bharti Airtel Ltd on March 29 acquired Indus Towers Ltd from UK’s Vodafone Group Plc for Rs 2,388.05 crore.
- The firm acquired a 4.7 per cent stake in Indus Towers at Rs 187.88 a share.
- Formerly Bharti Infratel, Indus Towers is one of the largest tower infrastructure providers in the country that owns and manages telecom towers as well as communication structures for mobile operators.
Additional Information
- Recent Merger and Acquisitions:
- Multiplex giants PVR and Inox announced the merger of their two companies on 28 March 2022.
- Glance InMobi (“Glance"), a Singapore-based consumer internet company, has acquired Indian gaming company Gambit Sports Pvt Ltd. on 26 Mar'22.
- Punjab National Bank (PNB) has acquired about a 6% stake in Open Network for Digital Commerce (ONDC) on 25 Mar'22.
- Private lenders Kotak Mahindra Bank and Axis Bank have each acquired 7.84% stake in Open Network Digital Commerce (ONDC) for 10 crore.
- The board of Equitas Small Finance Bank (ESFB) has approved a new scheme of amalgamation between Equitas SFB and Equitas Holdings Ltd.
Last updated on Jul 18, 2025
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