|
| Exchange Received Time 13/03/2018 13:15:05 Exchange Disseminated Time 13/03/2018 13:15:12 Time Taken 00:00:07 | Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board in its meeting held on March 12, 2018 has approved the transfer of 19% equity shares of Bharti Telemedia Limited ('Telemedia'), a subsidiary Company to Nettle Infrastructure Investments Limited, a wholly owned subsidiary company.
A part of the aforesaid stake shall be utilized for completion of stake sale of Telemedia to Warburg Pincus Group, as earlier announced by the Company vide its press release dated December 12, 2017.
Details as required to be disclosed under the aforesaid Regulation 30 are enclosed as 'Annexure A' as per clause 1.4 of Annexure 1 of SEBI Circular dated September 9, 2015.
Kindly take the same on record.
|
|
|