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Bharti Airtel's subsidiary to acquire stake in Avaada MHAmravati

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Capital Market

For procurement of cost-effective renewable energy for captive purpose

Bharti Airtel announced that its subsidiary, Nxtra Data has entered into an agreement for acquisition of 51,17,000 (11.696%) equity shares in Avaada MHAmravati, a special purpose vehicle formed for the purpose of owning and operating the Captive Power Plant, in terms of the regulatory requirement for captive power consumption under electricity laws.

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First Published: Jun 07 2022 | 9:23 AM IST

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