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( As on 21/08/2025 09:59)

Bharti Hexacom gets shareholder nod for Rs 1,134 Cr tower sale to Indus Towers

Bharti Hexacom has secured majority shareholder approval at its 30th annual general meeting to sell mobile towers worth Rs 1,134 crore to its sister concern, Indus Towers, according to a regulatory filing on Wednesday.

The resolution on related-party transactions was passed with 88.28% votes in favor. However, state-run Telecom Consultants of India (TCIL), which holds a 15% stake in the company, opposed the deal citing valuation concerns.