ADD ANI AS A TRUSTED SOURCE
googleads
ANI Logo
Menu
Business

Bharti Airtel to lower stake in Infratel

Mumbai (Maharashtra) [India], Mar 12 (ANI): Bharti Infratel Limited said on Tuesday that its majority shareholder Bharti Airtel will lower its direct stake in the telecom tower company from 50.33 per cent to 18.3 per cent.

ANI Mar 12, 2019 18:38 IST googleads

Nettle already owns a 3.18 per cent stake in Infratel

Mumbai (Maharashtra) [India], Mar 12 (ANI): Bharti Infratel Limited said on Tuesday that its majority shareholder Bharti Airtel will lower its direct stake in the telecom tower company from 50.33 per cent to 18.3 per cent.
Airtel's unit Nettle Infrastructure Investments will buy up to 32 per cent stake in Bharti Infratel by March 18, Infratel informed stock exchanges in regulatory filings.
Nettle, which already owns a 3.18 per cent stake in Infratel, will buy Infratel shares for up to Rs 362.45 each.
Airtel has faced bruising competition since the entry of Reliance Industries' upstart Jio in late 2016. Its profit margins were trimmed while the debts soared. (ANI)

Get the App

What to Read Next

Business

Kody Technolab Ltd. Launches Medigo Robot

Kody Technolab Ltd. Launches Medigo Robot

Ahmedabad (Gujarat) [India], March 12: Kody Technolab Limited today announced the launch of Medigo Robot, a health screening robot developed to enable rapid preventive health assessments and expand access to routine screening across healthcare, public, and institutional environments.

Read More
Business

Faculty of Planning at CEPT University Invites Applications

Faculty of Planning at CEPT University Invites Applications

New Delhi [India], March 12: India is undergoing an intense phase of urban transformation, placing immense pressure on essential infrastructure, mobility, and public spaces across its cities. The scale and speed of this change demand urgent, informed, and future-ready responses that balance growth with environmental responsibility and social equity.

Read More
Business

"World's first platform built on top of payments": Razorpay CEO H

Razorpay, on Thursday, announced the launch of Razorpay Agent Studio, a first-of-its-kind platform built on top of payments that allows businesses to deploy autonomous AI agents for operational tasks. The platform aims to automate various business processes, including dispute management, customer recovery, and payment reconciliations, by integrating AI directly into the payment infrastructure.

Read More
Business

Bridging the Tech Divide: How SSGSERV is Redefining White-Label

Bridging the Tech Divide: How SSGSERV is Redefining White-Label

New Delhi [India], March 12: In today's digital economy, enterprises depend heavily on uninterrupted technology infrastructure. As global SaaS platforms and OEM technology providers expand across markets, maintaining reliable customer and technical support has become a growing challenge. Companies are no longer looking for basic call center services but for specialized partners who can manage complex IT environments while maintaining speed, quality and brand consistency.

Read More
Business

IVCA Alternate Capital Excellence Awards 2026

IVCA Alternate Capital Excellence Awards 2026

Mumbai (Maharashtra) [India], March 12: The IVCA Alternate Capital Excellence Awards 2026 were presented at the 15th edition of the IVCA Conclave, organised by India's apex body for the alternate capital sector, the Indian Venture and Alternate Capital Association (IVCA). Held on Day 2 of the Conclave, the Awards honoured the institutions and individuals exemplifying excellence in performance, governance, and creating enduring value across the alternate asset ecosystem, spanning private equity, venture capital, private credit, venture debt, real estate, infrastructure, and impact investing.

Read More
Business

Wizz Financial Completes First Stablecoin-Powered Cross-Border

Wizz Financial Completes First Stablecoin-Powered Cross-Border

Dubai [UAE], March 12: Wizz Financial, the global fintech company specializing in cross-border payments and digital wallets, today announced the completion of its first stablecoin-powered cross-border remittance and treasury transaction originating from the United States, with capabilities into 80 countries, in partnership with BitGo Bank & Trust, N.A. ("BitGo"), an OCC-regulated digital asset trust bank and subsidiary of BitGo Holdings, Inc. (NYSE: BTGO). Through the partnership, Wizz Financial is utilizing BitGo's institutional-grade wallet infrastructure and e-trade services to facilitate the conversion of fiat currency into stablecoins, enabling near-real-time settlement, enhanced liquidity management, and compliant, scalable cross-border remittance flows across its global network as new corridors are progressively launched.

Read More
Business

CognexiaAI Launches AI Native Legal Intelligence Platform

CognexiaAI Launches AI Native Legal Intelligence Platform

New Delhi [India], March 12: Artificial intelligence technology company CognexiaAI has announced the launch of CognexiaAI Legal, India's first AI native legal intelligence platform designed to simplify legal processes, enhance transparency, and improve efficiency across the legal ecosystem. The announcement was made at a launch event attended by policymakers, legal experts, and industry leaders.

Read More
Business

AKCEL Holding and XRange to Invest $100 Million in India

AKCEL Holding and XRange to Invest $100 Million in India

Dubai [UAE]/ New Delhi [India], March 12: AKCEL Holding, a Dubai-based diversified conglomerate, and XRange Golf Entertainment will invest $100 million to launch next-generation golf entertainment venues in India as part of the AED 1 billion global expansion of the XRange platform. The move marks the group's first major entry into India's fast-growing sports and experiential leisure market, positioning the country as an important market in its international rollout.

Read More
Business

LTM Recognized as Innovator in Avasant's GenAI Services 2025

LTM Recognized as Innovator in Avasant's GenAI Services 2025

Warren (New Jersey) [US] / Mumbai (Maharashtra) [India], March 12: LTM, the Business Creativity partner to the world's largest enterprises, has been recognized as an Innovator in Avasant's Generative AI Services 2025 RadarView™. The recognition highlights LTM's strong capabilities in generative AI (Gen AI) and agentic AI, underpinned by robust governance, enterprise-scale platforms, and sustained investments in innovation.

Read More
Business

Mudrex Rolls Out INR-Margined Crypto Futures

Mudrex Rolls Out INR-Margined Crypto Futures

Bengaluru (Karnataka) [India], March 12: Mudrex, a leading Indian crypto exchange, announced the rollout of INR-margined crypto futures, marking a significant step toward simplifying trading for participants in India's fast-growing digital asset market.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.