Archive · 21 Aug 2025
Bharti Hexacom Shareholders Approve Mobile Tower Sale for ₹1,134 cr
Bharti Hexacom, a company, decided to sell its mobile towers to Indus Towers, which is a related company.
Shareholders approved the deal at a meeting.
The deal was worth ₹1,134 crore.
A large majority of shareholders voted to approve the sale.
However, a shareholder called TCIL, which owns 15% of the company, disagreed with the deal because they were concerned about the towers' valuation.
Despite some disagreement, the sale was approved.
Bharti Hexacom shareholders approved the sale of mobile towers to Indus Towers.
The deal value is ₹1,134 crore.
The approval was given at the 30th annual general meeting.
TCIL, a 15% shareholder, opposed the deal due to valuation concerns.
Around 2.5% of public non-institution shareholders voted against the deal.
- Who
- Bharti Hexacom shareholders and TCIL, a minority shareholder.
- What
- Bharti Hexacom shareholders approved the sale of mobile towers to Indus Towers.
- When
- The approval was given at the 30th annual general meeting on March 16.
- Where
- Not explicitly stated in the articles.
- Why
- Bharti Hexacom is selling mobile towers to Indus Towers.
TCIL's Concerns
Shareholders' Decision
Valuation
TCIL's Concerns
Valuation Concerns: TCIL raised concerns about the valuation of the tower deal.
Shareholders' Decision
Shareholder Approval: Majority of shareholders approved the deal.
- Company
- Bharti Hexacom
- Buyer
- Indus Towers
- Deal Value
- ₹1,134 crore
- Shareholder Approval
- 88.28%
- Opposition
- TCIL (15% shareholder)
- Meeting
- 30th annual general meeting
