The board of Bharti Infratel has extended the deadline to complete the merger with Indus Towers by 60 days to December 24, but said that dilution of shares by existing holders will be lesser than earlier announced, thus also lowering the cash to be paid to Vodafone Idea on the telco’s possible exit from the merged entity.
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Thursday, October 24, 2019
Infratel extends Indus merger deadline to Dec 24, Vodafone Idea to get less cash on exit
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