 "Bharti Airtel, Airtel")
The National Company Law Tribunal (NCLT) has approved the proposed merger between Bharti Airtel and Telenor India. The tribunal has instructed the companies to hold a meeting of equity shareholders and unsecured creditors. The Sunil Bharti Mittal-led company had announced in February that it would acquire the business of Telenor India for an undisclosed sum.
Airtel would take over its spectrum in all seven circles — Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam. It would also acquire its licences and operations, including its employees and customer base of 44 million. This would help Airtel augment its overall
