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Bharti Airtel’s subsidiary acquires minority stake in Avaada KNShorapur – EQ Mag Pro
Business & Finance
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Bharti Airtel’s subsidiary acquires minority stake in Avaada KNShorapur – EQ Mag Pro

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For purpose of captive power consumption

Bharti Airtel announced that its subsidiary, Nxtra Data has entered into an Agreement for acquisition of 11.334% equity stake in Avaada KNShorapur, a special purpose vehicle formed for the purpose of owning and operating the Captive Power Plant, in terms of the regulatory requirement for captive power consumption under electricity laws.

Source: Capital Market

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Anand Gupta Editor - EQ Int'l Media Network
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