Airtel Faces Rs. 1 Crore Fine for Unreported Bharti Telemedia Acquisition

  • The Competition Commission of India (CCI) has hit Bharti Airtel with a Rs. 1 Crore fine for not informing CCI about its acquisition of a stake in Bharti Telemedia Limited.
  • Airtel purchased a 20% stake from Lion Meadow Investment in 2021 to gain complete control of Bharti Telemedia.
  • The failure to announce the acquisition before it happened is a violation of the Competition Act, yielding the fine.
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