iWorld
Bharti Airtel to sell 32% stake in Bharti Infratel
MUMBAI: On Thursday’s Bharti Airtel board meeting, the telecom company decided to take some vital steps in order to remain in competition of the Jio dominated telecom industry. Bharti Airtel has decided to sell a 32 per cent stake in Bharti Infratel. With this happening, the telco may raise over Rs 15,500 crore.
Furthermore, the company has also appointed Badal Bagri as its new CFO and KMP which will be effective from 1 March. He will replace the company’s current global CFO and KMP Nilanjan Roy whose resignation was approved in the BOD meeting. The outcome of the meeting was announced in a regulatory filing on the Bombay Stock Exchange (BSE).
Exploring fund raising options, the company board agreed to sell stakes to cut the ridden debt and boost its struggling business in the country.
Confirming its decisions in a regulatory filing, the telco wrote that the board has authorised and, “approved the sale/transfer of up to 591.87 million equity shares (32 per cent) of Bharti Infratel, to its wholly-owned subsidiary, Nettle Infrastructure Investments Ltd, to explore a potential monetisation of its (Bharti) Infratel stake, subject to the approval of shareholders.”
Additionally, in a separate filing concluding the meeting, it informed that the company “has formed and authorised a ‘special committee of directors for fund raising’ to comprehensively explore/evaluate various options of fund-raising for the company to strengthen its capital structure and balance sheet.”
eNews
Piyush Thakur steps down as Inshorts’ chief revenue officer
Former vice president and cro says exit marks a new chapter after close to a decade of building revenue and partnerships at Inshorts Group.
NOIDA: Piyush Thakur has stepped away from Inshorts Group after nearly 10 years with the company, marking the end of a long tenure that culminated in his role as chief revenue officer.
In a farewell note, Thakur said he was “turning a new page” after almost a decade at Inshorts, calling it one of the hardest professional decisions he has made. He added that his exit was not driven by uncertainty about the future, but by reflection on a long association with the company.
Thakur joined Inshorts in October 2016 as vice president and spent around seven years in the role before being elevated to chief revenue officer in April 2024, a position he held until April 2026.
He said his tenure was defined by “thousands of mornings, late nights, product debates and breakthrough moments”, as the company evolved into a large-scale digital news platform used by millions.
In his note, Thakur emphasised that Inshorts’ growth was a collective effort across teams, adding that engineers, designers, sales teams and customer support staff all contributed to building the platform. He said the company’s success was not the result of individuals but of “everyone who stayed, passed through, and left their mark”.
Before Inshorts, Thakur worked across several digital media and business development roles. At ESPN, he served as senior regional manager from October 2015 to October 2016, focusing on growth initiatives, strategic opportunities and video distribution.
At Times Internet, he worked for nearly three years, including as head of business development from April 2015 to September 2015 and chief manager from January 2013 to March 2015. His responsibilities included monetisation of mobile platforms, managing media and developer partnerships, and driving revenue across digital properties such as The Times of India and The Economic Times.
Earlier, he worked at Brandmovers as head of business development from June 2012 to June 2013, handling digital, mobile and social media marketing solutions, client development and strategic consulting. During this period, he also worked on advertising revenue, brand strategy and CRM-based solutions.
At Inshorts, Thakur’s role focused on revenue strategy, mobile and media partnerships, and growth initiatives across platforms. His profile highlights experience in mobile product management, digital business models, partner ecosystems and revenue expansion in high-growth environments.
