(05-Mar-2017 Hours IST)
In continuation of our intimation dated February 23, 2017, it is hereby informed that subject to all requisite approvals, the Board of Directors has today, approved the Scheme of amalgamation (Scheme') between Telenor (India) Communications Private Limited (Transferor Company / Telenor India') and Bharti Airtel Limited (Transferee Company / Airtel') and their respective shareholders and creditors (under Sections 230 to 232 of the Companies Act, 2013). The aforesaid Scheme inter-alia envisages the issuance and allotment of 5 (five) fully paid up equity shares of face value Rs. 5/- (rupees five only) of Airtel to Telenor South Asia Investment Pte. Limited (the shareholder of the Telenor India) upon the Scheme becoming effective. Pursuant to Regulation 30(7) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that Hon'ble National Company Law Tribunal, New Delhi, Principal Bench vide its order dated March 08, 2018, has sanctioned the Scheme of amalgamation between Telenor (India) Communications Private Limited and Bharti Airtel Limited and their respective shareholders and creditors under Sections 230 to 232 of the Companies Act, 2013. As you will note from the certified order 'the approval of this Tribunal is conditional upon the requisite sanction and approval in accordance with the prescribed guidelines for transfer / merger of various categories of telecommunication services license / authorization under Unified License (UL) on compromise / arrangement and amalgamation of companies by DoT'. A certified copy of the order is enclosed. (As Per BSE Announcement Dated On 09/03/2018) In furtherance to our intimation dt. May 14, 2018, we wish to inform you that pursuant to the Scheme, the Committee of Board of Directors of the Company has allotted 5 (Five) equity shares of face value of Rs. 5/- each, fully paid up to Telenor South Asia Investment Pte. Limited. Consequent to the said allotment, the paid-up share capital of the Company has increased to 3,997,400,107 equity shares of face value of Rs. 5/- each aggregating to Rs. 19,98,70,00,535. Application for the listing and trading approval to the Stock Exchanges has been made simultaneously. Kindly take the above on record. (As per BSE Announcement dated on 16/05/2018) We wish to submit that in compliance with the Supplementary Order dated October 24, 2019 and the Order dated February 14, 2020 of the Hon'ble Supreme Court, the Company has paid today an amount of Rs. 10,000 crores to the Department of Telecommunications [which includes (i) an amount on behalf of Telenor India, merged with the Company; and (ii) Rs. 500 crores on behalf of Bharti Hexacom Limited, a subsidiary company]. The Company is in a process of completing the self-assessment exercise expeditiously and will make the balance payment upon completion of the same, before the next date of hearing in the Hon'ble Supreme Court. Kindly take the same on record. (As Per BSE Announcement Dated on 17.02.2020)
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