Bharti Airtel shareholders approve merger proposal with Tata Teleservices
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- India
Telecom major Bharti Airtel today said its shareholders have approved the proposed merger between the company and Tata Teleservices as part of ongoing proceedings at the National Company Law Tribunal (NCLT).
The special resolution to approve the proposed composite scheme of arrangement between Tata Teleservices, Bharti Airtel, and Bharti Hexacom received 99.97 percent voting in favor of the resolution, Bharti Airtel said in a regulatory filing.
There was 100 percent voting in favor of the resolution from the promoter and promoter group, as well as public - institutions category.
About 99.97 percent votes were cast in favor of the proposal by the public non-institutions shareholders, it added.
The filing detailed out the "voting results of the meeting of equity shareholders of Bharti Airtel" convened on August 28 as per the directions of the Principal Bench of the NCLT in New Delhi.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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