Indus Tower, Bharti Airtel, Vodafone Idea Merger to Create A Mega Tower Company
Author Ravi Shandilkar discusses the Bharti-Indus Towers Merger. A two-year-long deal finally concluded in Nov. 2020 with a merger between two tower companies Indus Towers Limited and Bharti Infratel Limited. In the merger, it has also been added that Vodafone Idea has received cash consideration of ₹3,760.1 crores for its 11.15 per cent shareholding in Indus. Vodafone Group will hold about 28.12 per cent stake, while Airtel Group will hold about 36.7 per cent in the merger entity.