SEBI, BSE, NSE approved for Airtel-Telenor merger

Posted on:03 Jun 2017 15:52:43
SEBI, BSE, NSE approved for Airtel-Telenor merger
03 June 2017 Current Affairs:

  • 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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