Airtel to decrease direct stake in Bharti Infratel

Bharti Airtel is going to decrease its direct stake in Bharti Infratel from 50.33 per cent to 18.3 per cent. As per an exchange filing by Bharti Infratel, Airtel’s unit, Nettle Infrastructure will be buying up to a 32 per cent stake in Bharti Infratel by March 18, 2019. At present, Nettle has a 3.18 per cent stake in Bharti Infratel. Nettle will buy Bharti Infratel’s shares for up to Rs 362.45 each at a premium of up to 13.4 per cent on the stock’s closing price on March 11, 2019.

GET ACCESS TO OUR ARTICLES

Enter your email address