Bharti-MTN dual listing linked to full convertibility, says Pranab

Dual listing of Bharti Airtel and MTN of South Africa is linked with the “Full convertibility of the rupee” and this aspect is being looked in to before taking such a step, Union Finance Minister pranab Mukherjee. “Dual listing is linked with the full convertibility. When I met the South Africa minister, I said that we welcome you. In the context of the law of the land, there are legal implications. In the proposed tie-up between Bharti Airtel and MTN, Bharti will acquire 49 per cent share in MTN while the latter will hold 25 per cent in the newly created combine if the deals goes through.