Bharti Airtel shareholders approve sale to Indus Towers

Shares of Bharti Airtel saw a slight decline on Tuesday, ending down 0.69% at Rs 1628.15 on the Bombay Stock Exchange (BSE). This year, the stock has gained 2%, and it has risen 33% over the past year. On Wednesday, investors are focused on Bharti Airtel after its shareholders approved the sale of its passive infrastructure business to Indus Towers Ltd. This includes mobile and wireless communication towers. The proposal received strong support, with 99.85% of votes in favor. The e-voting took place from February 15 to March 16, 2025, and results were announced on March 18. The approval is seen as a significant step for Airtel. It aims to streamline its operations and concentrate more on its core telecom services. Despite the recent dip in share price, Bharti Airtel's market capitalization stands at Rs 9.28 lakh crore. In total, 1.10 lakh shares were traded, resulting in a turnover of Rs 18.01 crore on the BSE.