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Bharti Airtel Services , a wholly-owned subsidiary of Bharti Airtel, has finalized an agreement to acquire a 97.1 percent stake...

Pegging the cost of acquisition at Rs 669 crore, the filing said this acquisition is a part of the company's strategy to enable indigenisation initiatives within its own ecosystem of telecom products in line with the Government's policy of 'Make In India' and add distribution and service capabilities (including system integration) largely for the enterprise business.

Bharti Airtel Services has agreed to acquire 97.1% stake in Beetel Teletech, a subsidiary of Bharti Airtel. The acquisition, valued at Rs 669 crore, is part of the company's strategy to enable indigenisation initiatives within its own telecom products ecosystem, aligning with the government's 'Make In India' policy.