New Delhi: There is no formal proposal for dual listing from Bharti Airtel and South Africa's MTN, which are in exclusive talks for a planned tie-up, Finance Secretary Ashok Chawla said on Tuesday.
"There is no formal proposal before any public authority in India as of today," said Chawla.
"Well, our officials had some discussion with them. They have explained our legal position and asked them to see what is it that they need."
Bharti Airtel will issue a statement later on Tuesday on its tie-up talks with South Africa's MTN, said a source with direct knowledge of the matter.
The source did not give details, including the timing of the statement.
Bharti and MTN had revived merger talks in May, a year after previous talks broke down over who would control a merged entity. A merger would create an emerging markets giant with more than 200 million customers across India, Africa and the Middle East.
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