Bharti Hexacom Gets Shareholder Nod for ₹1,134 Crore Tower Sale to Sister Concern

Bharti Hexacom has secured approval from the majority of its shareholders at the 30th annual general meeting (AGM) to sell mobile towers worth ₹1,134 crore to its sister concern. As per news reports, the Bharti Airtel group stated, "to approve material related party transactions with Indus Towers Limited, a related party" has been approved with 88.28 per cent votes at the AGM.

Stakeholder Concerns

As per news reports, despite the majority approval, state-owned Telecom Consultants of India (TCIL), which holds a 15 per cent stake in Bharti Hexacom, opposed the deal, citing valuation concerns. TCIL later requested that the process be restarted to address its requirements. Additionally, around 2.5 per cent of public non-institutional shareholders also voted against the proposal.

Regulatory Process and Outcome

As per the postal ballot notice dated 14 February, the sale of towers to Indus Towers had been agreed upon for ₹1,134.1 crore. The company confirmed on 9 April that TCIL had sought a fresh process. Nevertheless, the voting outcome published after the 30th AGM reaffirmed that the proposal had been passed by a majority of shareholders.

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Bharti Hexacon Share Price Performance 

As of August 21, 2025, at 11:23 AM Bharti Hexacon share price is trading at ₹1,787.40 per share, reflecting a surge of 0.82% from the previous day's closing price. Over the past month, the stock has declined by 1.93%. The stock's 52-week high stands at ₹2,052.90 per share, while its low is ₹1,114 per share.

Conclusion 

Bharti Hexacom’s ₹1,134 crore tower sale to Indus Towers gained majority approval with 88.28% votes, though TCIL and a section of public shareholders raised objections over valuation, highlighting differing views despite overall shareholder backing.

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