Khaitan and Rajani advise on first foreign investor exit post SC judgment cancelling 122 licences in 2G scam Batelco sells stake in S tel for 175 million

Khaitan and Rajani advise on first foreign investor exit post SC judgment cancelling 122 licences in 2G scam Batelco sells stake in S tel for 175 million

Bahrain Telecommunications Co, Batelco has sold its entire 42.7 percent stake in in STel, an Indian mobile operator, to its local joint venture partner Sky City Foundation for $174.5 million (approximately Rs. 925 crore).

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