Pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith disclosure of related party transactions on a consolidated basis, in the format as specified in the applicable accounting standards. Kindly take the above information on record.
We are enclosing herewith a press release titled 'Airtel and Vedantu empower millions of school children with affordable access to quality education on their home TV screens' issued by Bharti Airtel Limited. Kindly take the above information on record.
In terms of Regulation 30 of SEBI Listing Regulations, we wish to inform you that the Company has entered into an Agreement on November 19, 2020 for acquisition of Equity Shares in Avaada MHBuldhana Private Limited a special purpose vehicle formed for the purpose of owning and operating the Captive Power Plant, in terms of the regulatory requirement for captive power consumption under electricity laws. Other details as required to be disclosed under aforesaid Regulation 30 read with clause 1 of Para A of Annexure I of SEBI Circular dated September 9, 2015, are enclosed as 'Annexure A'. Kindly take the same on record.
Further to our joint press release dated April 25, 2018, we wish to inform you that merger of Indus Towers Limited and Bharti Infratel Limited (together the 'Combined entity') has been completed today. The Combined entity, to be renamed as Indus Towers limited, is listed on the National Stock Exchange of India Limited and BSE Limited. Upon implementation of the Scheme, the aggregate shareholding of the Company (alongwith Nettle Infrastructure Investments Limited, a wholly-owned subsidiary) in the combined entity shall be changed from 53.51% to 36.73%. For further detailed information, the communication dt. November 19, 2020 issued by Bharti Infratel Limited in this regard, may be referred. Kindly take the above information on record.