Airtel Sells 10.3 Percent Stake of Bharti Infratel for Rs. 6193.9 Cr
Bharti Airtel, today announced that they have successfully sold over 190 million shares of its subsidiary Bharti Infratel representing 10.3 percent, to a consortium of funds advised by KKR and Canada Pension Plan Investment Board (“CPPIB”). The total value of this secondary deal is over Rs. 6193.9 crores (approx. Rs. 951.6 million), which also dubs to a price of Rs. 325 per share. Bharti Airtel will primarily use the proceeds... Read More
