Bharti Airtel to acquire further 3.33% stake in Avaada MHBuldhana

Bharti Airtel has further agreed on 22 March 2021 for acquisition of additional 2,914,100 equity shares (approx. 3.33%) at Rs. 10/- per equity share in Avaada MHBuldhana, 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. The indicative time for completion of the acquisition is 30 April 2021 .

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