Bharti Airtel to sell stake in Bharti Infratel
DSIJ Intelligence / 08 Aug 2017
Bharti Airtel is planning to sell its 3.7% stake in its tower unit Bharti Infratel for about Rs 2,500 crore, reported a leading business daily.
Bharti Airtel is planning to sell its 3.7% stake in its tower unit Bharti Infratel for about Rs 2,500 crore, reported a leading business daily.
Bharti Airtel in March had transferred 11.32% stake in Bharti Infratel to its wholly-owned subsidiary Nettle Infrastructure at a value of around Rs 6,806 crore. Bharti Airtel’s consolidated net debt at the end of June 2017 was Rs 87,840 crore. Nettle and Bharti Airtel jointly hold 61.65% in Bharti Airtel. On March 2017, Bharti Airtel sold 10.3% stake in Bharti Infratel to a consortium of KKR and Canada Pension Plan Investment Board for Rs 6,193.9 crore.
Meanwhile, the stock on the bourses traded in negative territory, losing 0.77% at Rs 417.70 per share on BSE.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.