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Tata Teleservices (Maharashtra): Announcement under Regulation 30 (LODR)-Scheme of Arrangement


This is further to our earlier letter dated July 01 2019. The Department of Telecommunications (DoT) vide their letter dated February 6 2020 has conveyed approval of the Competent Authority in DoT for taking on record demerger of Consumer Mobile Business Undertaking of the Company into Bharti Airtel Limited (BAL) in terms of the Composite Scheme of Arrangement between the Company and BAL which was approved by the respective Shareholders and Creditors and by the Honble National Company Law Tribunal benches at Delhi and Mumbai vide their orders dated January 30 2019 and December 4 2018 respectively.

The DoT approval is without prejudice to the rights and contentions of the DoT till the Telecom Petition No. 22 of 2019 filed by BAL which is pending before Honble TDSAT (and appeal if any against the Judgement(s) of the Honble TDSAT) is disposed of.

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