BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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FICCI
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TRAI
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RBI
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SEBI
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Detailed explanation-1: -Merger between Bharti Infratel and Indus Towers was a massive step… We announced our merger in April or May 2018. We were almost in a situation wherein the merger was announced but was not happening.
Detailed explanation-2: -Merger of Bharti Infratel and Indus Towers: creating a listed pan-India tower company. The combination of Bharti Infratel and Indus Towers by way of merger will create a pan-India tower company, with over 163, 000 towers, operating across all 22 telecom service areas in India.
Detailed explanation-3: -What Is Indus Towers’s Debt? As you can see below, at the end of December 2022, Indus Towers had ₹58.4b of debt, up from ₹54.9b a year ago. Click the image for more detail. However, because it has a cash reserve of ₹7.26b, its net debt is less, at about ₹51.2b.
Detailed explanation-4: -Bharti Airtel along with its wholly-owned subsidiary has acquired about 4.7 per cent stake in Indus Towers from Euro Pacific Securities, an affiliate of Vodafone Group, a stock exchange filing said on Tuesday. The shares were acquired at Rs 187.88 a piece, it said.