Bharti Airtel receives approvals for downstream investments, shares gain
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New Delhi, Jan. 13 -- Bharti Airtel on Tuesday said pursuant to the FDI approval in January 2020 granted to it by the DoT, the company has received necessary approvals for its relevant downstream investments. The telecom operator further said it is initiating the process to revise its foreign investment limit, as notified to its depositories, to 100% with immediate effect.
"Further to our intimation dated January 21, 2020, we wish to inform you that in compliance of the FDI approval dated January 20, 2020, granted to the company by the Department of Telecommunications, the company has received approvals for its relevant downstream investments.
"Accordingly, the company is initiating the process to revise its foreign investment limit, as...
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