Bharti Airtel has reportedly constituted a special panel, which will outline the operator’s options for a re-organisation of its businesses. The move is aimed at sharpening Airtel’s focus on its consumer-facing digital and non-telecom businesses and open up avenues for unlocking value.
To this end, the special panel will place suitable recommendations to the Airtel board for consideration and approval.
Meanwhile, Airtel has also said that it will acquire Warburg Pincus affiliate’s 20 per cent stake in its DTH arm, Bharti Telemedia, for around Rs 31.26 billion. This amount is expected to be released through the issuance of 36.47 million equity shares of Airtel at a price of Rs 600 per share and up to Rs 10.37 billion in cash.