Bharti Group Seeks UK Support to Raise BT Stake
Indian conglomerate Bharti Enterprises is looking to increase its stake in BT to just under the 30 percent threshold that triggers a mandatory takeover bid. The group is currently seeking UK government clearance under the National Security and Investment Act to expand its holding from 24.95 percent.
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Bharti Enterprises is seeking United Kingdom government approval to increase its stake in BT GROUP PLC to 29.9%, raising the current 24.95% shareholding held by the Indian conglomerate. The move requires formal review under the National Security and Investment Act, which governs deals affecting national interests.
