Airtel completes Bharti Infratel’s 11% stake sale to Nettle
Mumbai: Bharti Airtel has completed the sale of 11.32 per cent stake in Bharti Infratel to Nettle Infrastructure Investments Limited for Rs 6,806 crore, a regulatory filing by the company said here on Wednesday.
Nettle is a wholly-owned subsidiary of Bharti Airtel.
“The company has today completed an inter-se transfer of 11.32 per cent stake in Bharti Infratel to Nettle Infrastructure Investments,” the filing with the BSE said.
“Post the said inter-se transfer, Bharti Airtel will hold 50.33 per cent while Nettle will hold 11.32 per cent stake in Bharti Infratel, the remaining 38.35 per cent shall be held by public/other shareholders,” it added.