On Friday, Airtel had said that its data centre subsidiary Nxtra Data Ltd has entered into an agreement to acquire 11.33 per cent stake in Avaada KNShorapur for Rs 2.80 crore.
Nxtra Data has acquired the stake for a cash consideration of Rs 2.80 crore "for acquisition of aggregate 28,07,350 equity shares of Rs 10 each," Airtel said in a regulatory filing on Friday.