Bharti Airtel provides update on proposed scheme of amalgamation

Of Robi Axiata and Airtel Bangladesh

Bharti Airtel announced that to with regard to the approval of the High Court Division of the Supreme Court of Bangladesh ("High Court") on the Scheme of Amalgamation for the amalgamation of Airtel Bangladesh with Robi, in its order dated 21 September 2016, the High Court had inter alia directed both the Companies i.e Airtel Bangladesh and Robi to register the Scheme with Registry of Joint Stock Companies ("RJSC") within four weeks from the date of order i.e 21 September 2016.

Subsequently, Robi has on 09 November 2016 received the extension from the High Court for registration of the Scheme with RJSC of four weeks from 09 November 2016.

 

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