Pegging the cost of acquisition at Rs 669 crore, the filing said this acquisition is a part of the company s strategy to enable indigenisation initiatives within its own ecosystem of telecom products in line with the Government s policy of Make In India and add distribution and service capabilities (including system integration) largely for the enterprise business.
Bharti Airtel Services set to acquire 97.1% stake in Beetel Teletech business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Bharti Airtel Services has agreed to acquire 97.1% stake in Beetel Teletech, a subsidiary of Bharti Airtel. The acquisition, valued at Rs 669 crore, is part of the company s strategy to enable indigenisation initiatives within its own telecom products ecosystem, aligning with the government s Make In India policy.