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| Exchange Received Time 05/03/2017 17:18:41 Exchange Disseminated Time 05/03/2017 17:46:33 Time Taken 00:27:52 | | In continuation of our intimation dated February 23, 2017, it is hereby informed that subject to all requisite approvals, the Board of Directors has today, approved the Scheme of amalgamation ('Scheme') between Telenor (India) Communications Private Limited ('Transferor Company / Telenor India') and Bharti Airtel Limited ('Transferee Company / Airtel') and their respective shareholders and creditors (under Sections 230 to 232 of the Companies Act, 2013). The aforesaid Scheme inter-alia envisages the issuance and allotment of 5 (five) fully paid up equity shares of face value Rs. 5/- (rupees five only) of Airtel to Telenor South Asia Investment Pte. Limited (the shareholder of the Telenor India) upon the Scheme becoming effective. |
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