Bharti Airtel’s arm to acquire 11.69% stake in Avaada MHAmravati

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Bharti Airtel’s subsidiary — Nxtra Data has entered into an agreement for acquisition of 51,17,000 (11.696%) equity shares in Avaada MHAmravati, a special purpose vehicle formed for the purpose of owning and operating the Captive Power Plant, in terms of the regulatory requirement for captive power consumption under electricity laws. The objective of acquisition is … Read more

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