BackBharti Airtel to sell shares in unit Bharti Infratel on Thursday
1 min read
06 Aug 2014, 10:06 PM IST
Bharti Airtel will sell up to 45 million shares in unit Bharti Infratel at a floor price of Rs250 a share
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Mumbai: Bharti Airtel Ltd, India’s top mobile phone carrier, said it will sell up to 45 million shares in unit Bharti Infratel Ltd on Thursday at a floor price of Rs250 a share.
The sale will be through the stock exchange. Bharti Airtel will raise up to Rs1125 crore ($183 million) at the floor price set, according to Reuters calculation.
As of end-June, Bharti Airtel owned 79.4% of Bharti Infratel, which is a mobile phone mast operator. REUTERS
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Published: 06 Aug 2014, 10:06 PM IST
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