Bharti Airtel shareholders have approved the sale of its passive infrastructure business—which includes mobile and wireless communication towers—to its subsidiary Indus Towers Ltd via remote e-voting.

The proposal, classified as a material related party transaction, received 99.85% of votes in favour, reflecting strong investor backing.

According to the company’s regulatory filing with NSE and BSE, the e-voting period ran from February 15, 2025, to March 16, 2025, with the results declared on March 18, 2025.

Bharti Airtel stated that the approval marks a crucial step in its strategic initiatives, allowing it to streamline its business operations and enhance focus on core telecom services.

Earlier in February, Bharti Airtel Ltd and Bharti Hexacom Ltd finalised a deal

to transfer 16,100 telecom towers to Indus Towers Ltd through a slump sale.

Under the agreement, Bharti Airtel will sell around 12,700 towers for up to ₹2,174.6 crore, while Bharti Hexacom will transfer approximately 3,400 towers for up to ₹1,134.1 crore, bringing the total transaction value to ₹3,308.7 crore.

The deal is expected to improve capital efficiency while enabling Indus Towers to further strengthen its position as a leading telecom infrastructure provider in India.

Ahead of the announcement, Bharti Airtel shares closed at ₹1,628.15 on the BSE, down 0.69%, while Indus Towers ended nearly 2% higher.

The voting was conducted under Regulation 44 of SEBI Listing Regulations, with CL & Associates, Company Secretaries, serving as the scrutiniser.

The company has made the scrutiniser’s report and detailed voting results available on its official website and the KFin Technologies e-voting portal.