Airtel to acquire stake in captive power plant owner Avaada KNShorapur
Bharti Airtel has agreed to acquire a stake of 11.3% in Avaada KNShorapur, a special purpose vehicle created for owning and operating a captive power plant in Karnataka. The consideration for the acquisition is INR 2.8 crores in cash. Bharti Airtel’s acquisition of the stake in Avaada KNShorapur is in terms of the regulatory requirement […]