Bharti Airtel to acquire over 7% stake in special purpose vehicle, Avaada KNShorapura
- The cost of the acquisition will be for consideration of Rs1,74,26,500. Airtel will acquire 17,42,650 equity shares having a face value of ₹10 each.
Telecom giant, Bharti Airtel to acquire a 7.036% stake in the Avaada KNShorapura special purpose vehicle formed for the purpose of owning and operating the Captive Power Plant. Both the companies signed an agreement on Sunday.
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