April 25, 2018 / 2:55 AM / 7 months ago

India's Bharti Airtel approves Bharti Infratel, Indus Towers merger

April 25 (Reuters) - Bharti Airtel Ltd on Wednesday approved the merger of Indus Towers Ltd with Bharti Infratel Ltd.

The merger ratio involves 1,565 shares of Bharti Infratel for every 1 share of Indus Towers share, the company said in a statement. here (Reporting by Vishal Sridhar in Bengaluru; Editing by Gopakumar Warrier)

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