Bharti Airtel gets DoT nod for 100% FDI in subsidiaries

Bharti Airtel on Tuesday said pursuant to the FDI approval in January 2020 granted to it by the DoT, the company has received necessary approvals for its relevant downstream investments.

Bharti Airtel further said it is initiating the process to revise its foreign investment limit, as notified to its depositories, to 100 per cent with immediate effect.

“Further to our intimation dated January 21, 2020, we wish to inform you that in compliance of the FDI approval dated January 20, 2020, granted to the company by the Department of Telecommunications, the company has received approvals for its relevant downstream investments.
“Accordingly, the company is initiating the process to revise its foreign investment limit, as notified to its depositories, to 100 per cent with immediate effect,” Airtel said in a BSE filing on Tuesday.