Bharti Airtel drops plan to merge digital assets into listed arm

According to its original plan, Airtel Digital was supposed to fold into the listed entity

India’s second largest mobile service provider Bharti Airtel has shelved plans to amalgamate its digital businesses into the listed entity and demerge its core telecom business into a separate subsidiary. This was announced by the company on Tuesday.

The company cited improved investment outlook and simplified licence framework as reasons behind its decision of not pursuing corporate restructuring.

“The board is of the view that the existing corporate structure of the company is therefore optimal for leveraging emerging opportunities and unlocking value while continuing to scale up Airtel’s digital businesses. Therefore, the scheme of arrangement for the new corporate structure announced on