Competition Commission of India has approved an increase in the percentage shareholding of Bharti Airtel Limited (Bharti Airtel) in Indus Towers Limited (Indus Towers) to 50.005% pursuant to buy back of shares by Indus Towers.

Bharti Airtel is a communications solutions provider, operating under the brand name “Airtel”.

Indus Towers is a passive telecom infrastructure provider. It deploys, owns, and manages passive telecom infrastructure for various mobile operators.

Detailed order of the Commission will follow.

Shareholding increase: Bharti Airtel's stake in Indus Towers approved following Indus Towers' buyback of shares. The Competition Commission of India has approved an increase in Bharti Airtel's percentage shareholding in Indus Towers pursuant to Indus Towers' buyback of its own shares, resulting in a larger consolidated stake for Bharti Airtel; a detailed order will follow.