Bharti Airtel to acquire 5.2% stake in Avaada MHBuldhana for Rs 4.55 crore

| | New Delhi
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Bharti Airtel to acquire 5.2% stake in Avaada MHBuldhana for Rs 4.55 crore

Sunday, 22 November 2020 | Agencies | New Delhi

Bharti Airtel on Friday said it will acquire 5.2 per cent stake in solar power company Avaada MHBuldhana for Rs 4.55 crore in an all-cash deal.

 Avaada MHBuldhana Private Limited is a newly-formed company and developing a captive generating solar power plant in Maharashtra which will become operational by March 2021.  It is a subsidiary of Avaada Energy Private Limited (AEPL).

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