Bharti Airtel Limited, has acquired 97.1% in Beetel Teletech Limited

Bharti Airtel Services Limited, a wholly-owned subsidiary company of Bharti Airtel Limited, has acquired 97.1% in Beetel Teletech Limited, a Bharti Group Company. We have advised Bharti Airtel Limited on this acquisition. This acquisition is part of Bharti Airtel Limited’s strategy to enable indigenization initiatives within its own ecosystem of telecom products in line with the Government’s policy of ‘Make in India’; and add distribution and service capabilities (including system integration) to its enterprise business.

Deal value: INR 669 crores/USD 80 million (approx.)

INDUSLAW Team:

Saurav Kumar (Partner), Neha Balodhi (Principal Associate), Saurabh Raman (Senior Associate), Ayusha Chowdhary (Associate) and Aryan Dhingra (Associate).