The shareholders counsel, in a submission before the National Company Law Appellate Tribunal (NCLAT), on Tuesday argued that the price offered by Bharti Telecom to shareholders for buying back their shares at Rs 196 per equity share was significantly lower than the prevailing market rate. The counsel said five months before the capital reduction scheme, Bharti Telecom had issued shares at Rs 310 to SingTel Group.
Singtel divests 0 8% in Bharti Airtel for Rs 5,849 cr
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Bharti Telecom buys 1 35 per cent stake in Bharti Airtel for Rs 8,301 crore
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Top News Of The Week: Uttarkashi Tunnel Rescue, Tata Tech Market Debut, Charlie Munger Death And More
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