DoT approves 100% FDI in Bharti Airtel

Mumbai: The telecom department has approved raising the foreign direct investment (FDI) limit in Bharti Airtel to 100% from an earlier 49%, a provision that can help the telco draw more overseas funds.

“Bharti Airtel has received the approval from the Department of Telecommunications vide its letter dated January 20, 2020, for increasing the limit of foreign investment up to 100% of the paid-up capital,” the telecom company said in a regulatory filing on Tuesday.