Airtel falls 3% as investors okay investment from Google, telco signs deal to up stake in Indus Towers
Bharti Airtel’s share price shed 3 percent in early trade on February 28 after shareholders approved the issue of preferential shares to Google for its Rs 7,500 crore investment and the telecom company entered into an agreement with Vodafone Plc to buy equity interest in Indus Towers. Bharti Airtel will buy a 4.7 percent stake in Indus Towers from Vodafone Plc, the former said in an exchange filing on Friday. The transaction will be done on the condition that the amount paid shall be inducted as fresh equity in Vodafone…
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