NEW DELHI: Bharti Airtel’s shareholders have authorised a proposed scheme of arrangement among Airtel, Bharti Airtel Companies, Hughes Communications India and HCIL Comtel, with 9998 for every cent of votes cast in favour of the merger.
In May well final year, telecom operator Bharti Airtel and Hughes Communications India Ltd (HCIL) said they will merge their VSAT (quite-little-aperture terminal) satellite functions in the state, with Hughes keeping a the vast majority stake in the merged entity.
In a filing on Tuesday, Bharti Airtel informed the BSE about the details of voting outcomes of court-convened conference that was held on July 31, where the scheme of arrangement was put to vote.
Inside of the promoter and promoter team, 100 per cent of votes cast have been in favour of the plan.
In scenario of public institutions and public non-establishments, votes forged in favour have been 9996 for every cent and 9999 for each cent, respectively.
With the shareholders’ nod in put, NCLT will now be approached for the final acceptance, a source stated.

The meeting held was as for every the order of the principal bench of the Countrywide Enterprise Law Tribunal (NCLT) at New Delhi.
Previously, the NCLT directed a assembly of the shareholders of Bharti Airtel for acceptance of the proposed composite plan of arrangement in between Airtel, Bharti Airtel Services, Hughes Communications India and HCIL Comtel and their respective shareholders and lenders.