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1. Which company is Bharti Global acquiring a 24.5% stake in?
Bharti Global, through its subsidiary Bharti Televentures UK Ltd, is acquiring a 24.5% stake in the British telecom company BT Group for approximately $4 billion. This strategic acquisition not only marks a significant expansion of Bharti’s global telecom presence but also strengthens economic ties between India and the UK. The deal, involving an initial 9.99% stake followed by regulatory approval for the remaining 14.51%, highlights the deepening relationship between Bharti and BT, which has been evolving since 1997.