The company said in a regulatory filing to the Bombay Stock Exchange that it expects to close the transaction sixty days after the execution of the share subscription agreement and the share purchase agreement.
The deal, one of the largest edtech acquisitions in the world, is expected to materialise in the next two or three months
The merger marks the first-ever three-way amalgamation in the country's banking sector.
Dealmakers and advisors feel investors are shifting their focus to Asia-Pacific, especially India, owing to geopolitical instability driven by events such as Brexit and protectionist trade wars.
The case had been closely watched as setting a benchmark for other big corporate mergers, especially in the media and communications sector.
UltraTech said in a statement that Binani Industries Ltd (BIL) - the promoter firm of BCL - had approached it for arranging funds to pay-off the lenders.
Vodafone To Hold 47.5 % Stake In The Merged Entity
Bharti's net gain would be spectrum in 17 circles of TTSL and two circles of TTML plus 40 million subscribers. They will still be lower than that Idea-Vodafone combined entity.
Google will take on half of HTC's research staff - about 2,000 people - many of whom have already been working on the Silicon Valley firm's Pixel handset.
Here's a list of events that took place the demise of the former AIADMK Chief Minister Lt J. Jayalalitha
He would take his colour, brushes and canvas outside to paint and talk with his love. He would stand close to the window and paint, keeping an eye on his muse.
They say the violin mimics the human sound. In his case, it was that of love, of longing. He didn’t know any other way of loving.
Younger people do not have much progressive beliefs; a 2017 survey found that one-third of young people opposed inter-caste marriage.
The pandemic has made it clear that virtual learning is here to stay. In the West, the big question is whether it will dilute the quality of the college experience and education. In India, which grapples with digital divide, the question remains whether this will reach most people at all.
Even after two years of the Covid-19 pandemic, many 'informed' individuals in India continue to deny the virus with unscientific claims and unfounded data. The latest? Omicron will end the pandemic.
Across Asia there are deeply entrenched obstacles to a mode of higher education that is liberal in multiple senses – disciplinary and epistemological but also social and political.
The two incidents in the recent past, one in Mon district of Nagaland and the other at Lakhimpur Kheri in Uttar Pradesh, undermined the core principles democracy and federalism.