Bharti Airtel to buy stake in solar power firm Avaada Energy's unit

Telecom major Bharti Airtel on Friday said it will acquire a 5.2% stake in solar power company Avaada MHBuldhana for ₹4.5 crore. Avaada MHBuldhana, a subsidiary of Avaada Energy, is a newly-formed company developing a captive generating solar power plant in Maharashtra. Avaada is India's first independent power producer to cross the 1 GW installed capacity milestone.