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Bharti Airtel's subsidiary acquires minority stake in Avaada KNShorapur

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For purpose of captive power consumption

Bharti Airtel announced that its subsidiary, Nxtra Data has entered into an Agreement for acquisition of 11.334% equity stake in Avaada KNShorapur, 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.

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First Published: Mar 26 2022 | 10:56 AM IST

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