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Bharti Infratel Ltd.

BSE: 534816 Sector: Infrastructure
BSE 00:00 | 24 Apr Bharti Infratel Ltd
NSE 05:30 | 01 Jan Bharti Infratel Ltd

Announcement under Regulation 30 (LODR)-Scheme of Arrangement

April 23, 2020, 6:22 pm | Source: BSE

The Board of Directors of the Company met earlier today and took note of the status of Scheme of arrangement between Indus and Bharti Infratel.

Since the conditions precedent to be fulfilled for the Scheme to become effective cannot be completed by the extended Long Stop Date i.e. April 24 2020 the Board of Directors have further extended the Long Stop Date till June 24 2020 subject to agreement on closing adjustments and other conditions precedent for closing with each party retaining the right to terminate and withdraw the scheme.

The final decision to implement the scheme will be taken by the Board keeping in mind the best interest of the Company and its stakeholders.