In a filing on Tuesday, Bharti Airtel informed the BSE about the details of voting results of court-convened meeting that was held on July 31, where the scheme of arrangement was put to vote.
Within the promoter and promoter group, 100 per cent of votes cast were in favour of the scheme.
In case of public institutions and public non-institutions, votes cast in favour were 99.96 per cent and 99.99 per cent, respectively.
With the shareholders' nod in place, NCLT will now be approached for the final approval, a source said.
The meeting held was as per the order of the principal bench of the National Company Law Tribunal (NCLT) at New Delhi.
Earlier, the NCLT directed a meeting of the shareholders of Bharti Airtel for approval of the proposed composite scheme of arrangement between Airtel, Bharti Airtel Services, Hughes Communications India and HCIL Comtel and their respective shareholders and creditors.<\/body>","next_sibling":[{"msid":77353754,"title":"Google, Amazon overtake Apple as most imitated brands in Q2","entity_type":"ARTICLE","link":"\/news\/google-amazon-overtake-apple-as-most-imitated-brands-in-q2\/77353754","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":77355164,"entity_type":"ARTICLE","title":"Airtel shareholders approve VSAT operations merger scheme","synopsis":"Bharti Airtel's shareholders have approved a proposed scheme of arrangement between Airtel, Bharti Airtel Services, Hughes Communications India and HCIL Comtel, with 99.98 per cent of votes cast in favour of the merger. ","titleseo":"telecomnews\/airtel-shareholders-approve-vsat-operations-merger-scheme","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":1196,"shares":0,"engagementtimems":4969000},"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2020-08-04 20:48:38","lastupd":"2020-08-04 20:51:01","breadcrumbTags":["Airtel","Airtel shareholders","Hughes Communications","VSAT","airtel news","VSAT operation","Industry","bharti airtel","HCIL","telecom news"],"secinfo":{"seolocation":"telecomnews\/airtel-shareholders-approve-vsat-operations-merger-scheme"}}" data-news_link="//www.iser-br.com/news/airtel-shareholders-approve-vsat-operations-merger-scheme/77355164">