CCI approves Airtel’s buyout of Warburg Pincus affiliate’s stake in DTH arm

Mumbai: The Competition Commission of India (CCI) has approved Bharti Airtel’s acquisition of an additional 20% stake in its direct-to-home (DTH) arm Bharti Telemedia from an affiliate of New York-headquartered private equity firm Warburg Pincus, people with knowledge of the matter told ET.

The competition watchdog is expected to publish a detailed public order on the transaction soon, one of the sources said.

While the transaction dates to 2021, the CCI in August 2023 slapped a fine of Rs 1 crore on Airtel for concluding the deal without informing it.