 "As per reports, the merged entity will become largest tower company in the world outside China")
Shares of Bharti Infratel leaped 5 per cent to Rs 208 on the BSE on Tuesday after the company's board approved its merger with Indus Tower.
"The Board of Directors in its meeting held on August 31, 2020 took note of the status of Scheme of Arrangement between Indus Towers and Bharti Infratel Limited and the related agreements. After deliberations, the Board has decided to authorise the chairman to proceed with the Scheme and to comply with other procedural requirements for completion of the merger including approaching NCLT to make the Scheme effective subject to certain procedural condition precedents," it said
