The National Company Law Tribunal has approved a scheme of arrangement involving transfer of optical fibre cable business undertaking of Bharti Airtel to wholly-owned subsidiary Telesonic Networks, according to a regulatory filing. The company had in November 2017 announced it plans to transfer the optical fibre cable business to Telesonic Networks for a valuation of up to Rs 5,650 crore.
AZB & Partners advised
2019-07-02
Deal value: Rs 45.6bn – Rs 56.5bn / $643.8m – $797.6m
This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.