Bharti Airtel Buys Warburg Pincus’ 20% Stake in Bharti Telemedia as it Aims for ‘One Home’ Strategy
Telecom operator, Bharti Airtel, is shifting its focus on digital as it acquires Warburg Pincus affiliate’s 20% equity share in its DTH arm Bharti Telemedia. The total valuation of this purchase is Rs 31,260 million (Rs 3,126 crore). In a press statement, Bharti Airtel said the total valuation would be discharged primarily via issuance of around Rs 36.47 million equity shares of Airtel at a price of Rs 600 per... Read More
