Bharti Infratel to go ahead with Indus Towers merger

Bharti Infratel on Tuesday said its Board has decided to proceed with the scheme for merger with Indus Towers, and that the cash consideration chosen by Vodafone Idea for its 11.15% stake in Indus Towers is expected to be about Rs 4,000 crore.

The company said its Board, in a meeting held on August 31, took note of the status of scheme of arrangement between Indus Towers and Bharti Infratel and the related agreements.