TMT
By 29 September, 2009

There is no formal proposal for dual listing from Bharti Airtel and South Africa's MTN, which are in exclusive talks for a planned tie-up, finance secretary said on Tuesday.

"There is no formal proposal before any public authority in India as of today," Ashok Chawla told reporters when asked if the two firms had applied for dual listing.

"Well, our officials had some discussion with them. They have explained our legal position and asked them to see what is it that they need."

The period of exclusive talks between Bharti and MTN is due to end on Wednesday.

 

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