Airtel has to clear statutory liabilities of up to nearly ₹35,586 crore, of which ₹21,682 crore are towards licence fee and another ₹13,904.01 crore are spectrum dues. Bharti Telecom holds around 41% stake in Bharti Airtel while foreign promoter entities hold 21.46% stake in the telecom firm. Bharti Telecom has applied for infusion of ₹4,900 crore in the company which includes investments from Singtel and some other foreign investors. With this Bharti Telecom will become a foreign entity as majority stake will be held by overseas investors. The Department of Telecom had earlier in 2019 returned Bharti Airtel’s FDI application as the company had not provided clarity on the foreign investor.

Source: Mint January 21, 2020 14:36 UTC