Bharti Airtel approves Bharti Infratel, Indus Towers merger

(Reuters) - Bharti Airtel Ltd on Wednesday approved the merger of Indus Towers Ltd with Bharti Infratel Ltd.

The merger ratio involves 1,565 shares of Bharti Infratel for every 1 share of Indus Towers share, the company said in a statement.

(Read https://www.bseindia.com/xml-data/corpfiling/AttachLive/475e6837-8e15-4c81-b904-bd4b1c1074f3.pdf)

(Reporting by Vishal Sridhar in Bengaluru; Editing by Gopakumar Warrier)