Live
- Biz activity surges to 3-mth high in Nov: Report
- Hyderabad property registrations rise 14% to Rs 3,617 cr in Oct
- Release funds for temples located in Boath constituency: Cong leaders
- Rs 37.81 crore to develop Shringaverpur Dham in UP
- PM Modi should order arrest of Adani: CPI
- Anarkali suits for everyday elegance
- HMWSSB ED inspects Khajakunta STP
- Bhumi Pednekar: Became an actor in a time where the way I looked was secondary
- PM Modi meets 31 global leaders during 3-nation tour
- Sneha Wagh says she couldn’t recognise herself in divine avatar
Department of Telecom approves up to 100% FDI in Bharti Airtel
The Department of Telecom (DoT) has approved raising of foreign direct investment in Bharti Airtel to 100 per cent from 49 per cent allowed earlier, a stock exchange filing of the company said on Tuesday.
New Delhi: The Department of Telecom (DoT) has approved raising of foreign direct investment in Bharti Airtel to 100 per cent from 49 per cent allowed earlier, a stock exchange filing of the company said on Tuesday.
The company also has the approval of the Reserve Bank of India (RBI) that allowed foreign investors to hold up to 74 per cent stake in the company. "Bharti Airtel Limited has received the approval from the Department of Telecommunications (DoT) vide its letter dated January 20, 2020, for increasing the limit of foreign investment up to 100 per cent of the paid-up capital of the company," the filing said.
The approval comes few days before the company has to clear statutory liabilities of up to nearly Rs 35,586 crore, of which Rs 21,682 crore is licence fee and another Rs 13,904.01 crore is spectrum dues (excluding the dues of Telenor and Tata Teleservices).
