Competition Commission of India has approved an increase in the percentage shareholding of Bharti Airtel Limited (Bharti Airtel) in Indus Towers Limited (Indus Towers) to 50.005% pursuant to buy back of shares by Indus Towers.

Bharti Airtel is a communications solutions provider, operating under the brand name “Airtel”.

Indus Towers is a passive telecom infrastructure provider. It deploys, owns, and manages passive telecom infrastructure for various mobile operators.

Detailed order of the Commission will follow.

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