Airtel to Spend Rs. 1,17,000 Crore on Businesses With Subsidiaries Over a 5-Year Period
Telecom operator Bharti Airtel has plans to spend about Rs. 1,17,000 crore through business transactions with its subsidiaries like Indus Towers, Nxtra and Bharti Hexacom, according to a regulatory filing.The company will hold an extraordinary general meeting of the members of the company on February 26 to also seek their approval for issuing shares to Google for its about Rs. 7,500 crore investment in the company to buy 1.28 per cent stake.According to the EGM notice, Bharti Airtel will spend Rs. 88,000 crore in business…