CCI approves an increase in the percentage shareholding of Bharti Airtel in Indus Towers pursuant to buy back of shares by Indus Towers

Competition Commission of India has approved an increase in the percentage shareholding of Bharti Airtel Limited (Bharti Airtel) in Indus Towers Limited (Indus Towers) to 50.005% pursuant to buy back of shares by Indus Towers.

Bharti Airtel is a communications solutions provider, operating under the brand name “Airtel”.

Indus Towers is a passive telecom infrastructure provider. It deploys, owns, and manages passive telecom infrastructure for various mobile operators.

Detailed order of the Commission will follow.