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Airtel sells 3.6% stake in Infratel tower unit for INR 26 bln

2017-08-09 07:55:00| Telecompaper Headlines

(Telecompaper) Indian operator Bharti Airtel has divested a 3.6 percent stake in its towers arm Bharti Infratel for INR 26 billion. Bharti Airtel sold 67.53 million shares in its subsidiary Bharti Infratel at a price of INR 380.6 per share, representing a discount of around 4 percent to the previous day's closing price. Following this transaction, Bharti Airtel owns a 58 percent stake in Bharti Infratel.

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Category:Telecommunications

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