New Delhi-based telecommunications services company Bharti Airtel received the merger approval between Airtel and Telenor Communications.from Securities Exchange Board of India (SEBI), Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The merger is subject to other statutory approvals including from the competition commission of India (CCI).
Airtel will acquire Telenor India's running operations in seven circles - Andhra Pradesh, Bihar, Maharashtra, Gujarat, Uttar Pradesh (East), Uttar Pradesh (West) and Assam.
After merging, Airtel will get 52.5 million users from Telenor kitty.
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