Bharti Enterprises’ Space Arm To Invest INR 313 Cr In Eutelsat

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SUMMARY

The infusion is part of Eutelsat’s larger €1.35 Bn rights issue, which will also see participation from shipping company CMA CGM and FSP

With this, Bharti Space ill now own 18.7% stake in Eutelsat and become the second largest shareholder in the satcom company

Bharti Enterprises became the largest shareholder in Eutelsat with a 21.2% share after the merger of Eutelsat with Bharti Enterprises and UK government-backed OneWeb in 2023

Bharti Enterprises’ space arm,…



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Bharti Enterprises’ Space Arm To Invest INR 313 Cr In Eutelsat


SUMMARY

The infusion is part of Eutelsat’s larger €1.35 Bn rights issue, which will also see participation from shipping company CMA CGM and FSP

With this, Bharti Space ill now own 18.7% stake in Eutelsat and become the second largest shareholder in the satcom company

Bharti Enterprises became the largest shareholder in Eutelsat with a 21.2% share after the merger of Eutelsat with Bharti Enterprises and UK government-backed OneWeb in 2023

Bharti Enterprises’ space arm,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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