Bharti Airtel board to meet on February 17 to discuss future strategic plans and organizational rejig

Telecom giant Bharti Airtel is set to have a meeting of its Board of Directors of the company next week on Wednesday, February 17th 2021 to discuss the future strategic plans and organization rejig, the company said in a regulatory filing yesterday.

Airtel said that the reorganization of the shareholding framework of subsidiary companies may result in the consolidation and acquisition of shares of subsidiary companies. The consideration may be discharged through the issuance of equity shares of the company on a preferential basis and or cash.

“Pursuant to Regulation 29(1) of Listing Regulations, as amended, we wish to inform you that a meeting of Board of Directors of the Company is scheduled to be held on Wednesday, February 17, 2021 to discuss the future strategic plans and reorganization of shareholding framework of subsidiary company(ies) which may result in consolidation/ acquisition of shares of subsidiary company(ies), the consideration of which may be discharged through issuance of equity shares of the Company on a preferential basis and/ or cash,” said Bharti Airltel in a regulatory filing.