M&A Critique

NCLAT uphelds NCLT’s judgement on Bharti Telecom Limited Selective Capital Reduction of Minority Shareholders

The core issue revolves around a scheme of selective and compulsory equity share capital reduction of minority public shareholders implemented by Bharti Telecom Limited (BTL). BTL, which was earlier listed company, is the holding company of Bharti Airtel Ltd (BAL), the leading telecom operator of India.

Certain minority shareholders filed the appeals challenging the:

Haresh Shah