Bharti Airtel’s shareholders have approved a proposed scheme of arrangement between Airtel, Bharti Airtel Services, Hughes Communications India Limited (HCIL) and HCIL Comtel.

In May 2019, Airtel and HCIL had announced an agreement to combine their very-small-aperture terminal (VSAT) satellite operations in the country, with Hughes holding a majority stake in the merged entity.

In its recent filing on August 4, 2020, Bharti Airtel informed that within the promoter and promoter group, 100 per cent of votes cast were in favor of the scheme. According to industry sources, with the shareholders’ nod in place, National Company Law Tribunal (NCLT) will now be approached for the final approval.