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Monday, July 18, 2022

Google to buy 7.11 crore shares of BhartiAirtel, another deal in Indian telecom sector

Google to invest in Airtel Bharti Airtel to buy 7.11 crore shares 

 


Global giant technology company Google has obtain stake in Indian telecom mammoth Bharti Airtel. This is Google’s alternate deal in the Indian telecom sector after Reliance Jio blazoned an investment of Rs 10 billion in India last time. 

Google will buy71.1 million shares of Bharti Airtel, according to a nonsupervisory form moment in connection with the$ 1 billion investment analects per nonsupervisory forms submitted on July 14, Bharti Airtel has made Rs. It has approved special allocation of 7.11 crore shares to Google at an issue price of 734. 

 

“The Special Committee of Directors for special Allotment of the Company in its meeting held moment has approved the allotment of Equity Shares of face value of Rs. 5 to Google International LLC on July 14, 2022, ” Sunil said. Mittal Group company said in a form with BSE. These shares will be supply to Google at a price of 734/-. nounced in January. The company will buy these shares on a special base.

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