Bharti Airtel`s proposed acquisition of 70 per cent stake in Warid Telecom International`s Bangladesh operations may marginally lower the Indian company`s liquidity and increase its business risk.
Bharti Airtel is likely to sign an agreement with Bangadeshi firm Warid Telecom for acquiring 70 percent stake during Prime Minister Sheikh Hasina`s visit to India next week.
Bangladesh`s telecoms authority has approved Bharti Airtel`s proposed $300 million investment in Abu Dhabi Group`s Warid Telecom, the fourth-largest mobile company in Bangladesh.
Day in Pics: 31st October
Showbiz World - October 31, 2014
PM Narendra Modi's Run For Unity