Bharti Infratel Ltd further delays its merger with Indus Towers

Bharti Infratel Ltd decides to extend the long-stop date of its proposed merger with Indus Towers Ltd again. On Thursday, in the Nifty, the stock gained 0.4% against a 0.7% decline.

The management commentary is starting to believe that the merger may be called off eventually. The company said that the merger is contingent upon receipt of regulatory approvals. There can be no assurance on the completion of the merger in the extended t....