Bharti Infratel defers board meet to decide on merger with Indus Towers

Telecom infrastructure company Bharti Infratel said its board meeting, which was slated to be held on Thursday to take final call on merger with Indus Towers, has been rescheduled. “Certain inputs that would have been required by the board for it to deliberate and take a final decision have been delayed given the current environment,” the company said in a regulatory filing.

Accordingly, the said board meeting has been “rescheduled for a later date but definitely on or before the current long stop date of June 24, 2020”, it added.

The board of the company was slated to meet on Thursday to take a final decision on the scheme of arrangement between Indus Towers and Bharti Infratel.