Zain clears Bharti bid, deal to end this week

“Due diligence is going on till the last minute to see nothing is left to chance... but things are moving in the right direction,” a source said.

In its board meeting on Wednesday, Zain is understood to have approved the proposal of selling African assets to Airtel.

However, there was no official confirmation of this from Zain. The exclusive talks between Bharti and Zain are till March 25. Mittal had earlier said he saw the deal being finalised in April.