Bharti Airtel to invest over Rs 1,600 crore in Mauritius arm; plans issuance of Rs 10,000 crore in NCDs
It said in the notice, "Bharti Airtel wants to transfer its entire investment (i.e. 3,604,970,000 shares) in Bharti Airtel International (Mauritius) Limited, Mauritius to its another wholly-owned subsidiary Network i2i Limited, Mauritius in one or more tranches for a consideration not exceeding $250 million."
The announcement came soon after Airtel merged its Mauritius subsidiary with Network i2i Limited. Photo: IANS