The National Company Law Tribunal has approved a scheme of arrangement involving transfer of optical fibre cable business undertaking of Bharti Airtel to wholly-owned subsidiary Telesonic Networks, according to a regulatory filing. The company had in November 2017 announced it plans to transfer the optical fibre cable business to Telesonic Networks for a valuation of up to Rs 5,650 crore.

— The Economic Times

AZB & Partners advised Bharti Airtel Limited - one of the Delhi office’s most regular and loyal clients on big ticket corporate deals - and Telesonic Networks Limited led by a team of partners Ajay Bahl, Gautam Saha, Kamal Shankar, Abhinav Ashwin and Bharat Apte.

2019-07-02

Deal value: Rs 45.6bn – Rs 56.5bn / $643.8m – $797.6m

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