Apply For FDI

ENQUIRY


Fraud Warning Disclaimer : FDI India warns you against certain individuals that might falsely present themselves as our affiliate agents, representatives, or employees. Under this false pretence, they might try to gain access to your personal information or to acquire money as Consultation fee or any other form or other valuables from you by offering fictitious employment opportunities or by claiming that they are contacting you on our behalf. Don’t fall prey into the fraudulent misrepresentation. Such fraudulent claims and offers are received generally via email, text message, phone, or internet, etc.

FDI India would like to bring to your notice that our authorized official Email IDs are enquiry@fdi.finance, info@fdi.finance, india@fdi.finance and Contact Numbers are 1800 891 1610 and 8595911148. FDI India shall not be liable for any claims, damage, or loss of any kind inflicted by any other unauthorized entity. Be very mindful of such scams.
Legal : We own all the information, images, text, logo, and other content provided by us. The use of information is strictly prohibited without our consent. We hold the right to take a legal action against any individual or organization violating or using our site information.
Become A Partner Apply For FDI
Fdi India news

Bharti Airtel Gained 2 Per Cent after Nod from Dot for Increasing FDI

    24 January , 2020         Fdiindia

Bharti Airtel Gained 2 Per Cent after Nod from Dot for Increasing FDI

On Wednesday, telecom giant Bharti Airtel gained 2 per cent after it received a go-ahead from the department of telecom (DoT) for hiking foreign direct investment limit in the company from the earlier 49 per cent to 100 per cent.

Although, as the session progressed, the scrip erased gains. The stock increased 2.47 per cent in early trade and hit a high of Rs. 524.

The Reserve Bank of India (RBI) has also given its approval to the telecom operator to hold up to 74 per cent stake in the company by foreign investors.

"Bharti Airtel Limited has received the approval from the Department of Telecommunications (DoT) vide its letter dated January 20, 2020, for increasing the limit of foreign investment up to 100 per cent of the paid-up capital of the company," the filing said.

This approval comes just a few days ahead of when the company is set to clear statutory liabilities amounting to nearly Rs 35, 586 crore, out of which Rs 21,682 crore is licence fee and aother Rs 13,904.01 crore is spectrum dues (excluding the dues of Telenor and Tata Teleservices).

The shares of the company closed 0.59 per cent higher at Rs 514.35 on BSE.

"...the aforesaid approval read together with the RBI approval dated July 3, 2014 granted to the company allows the FPIs/FIIs to invest upto 74 per cent of the paid up capital of the company," it said.