Bharti Infratel prolonged deadline for merger with Indus Towers till August 31. The board stated that situations precedent to be fulfilled for the Indus Tower merger to come to be effective can not be finished with the aid of June 24.
Reacting to these information shares of the corporation declined by using 6% to Rs. 218.10.
Each birthday celebration keeps the proper to terminate and withdraw from the scheme – the merger is dependent on the Supreme Court’s verdict on staggered price in AGR case as Infratel and Indus both matter Vodafone Idea as their predominant consumer.
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