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.
Join 2 million subscribers





A curated newsletter that summarizes the important news at the intersection of Global tech, India Tech and AI.

Delivered 8 AM. Daily.
Total
0
Share
nextbigwhat We would like to show you notifications for the latest news and updates.
Dismiss
Allow Notifications