Bharti Infratel says Nettle Infra to buy about its 21.63% stake from Airtel

Bharti Infratel said Nettle Infra Investments, a wholly-owned unit of Bharti Airtel, will acquire about 400 million shares on or after 27 March


Photo: Ramesh Pathania/Mint
Photo: Ramesh Pathania/Mint

Bengaluru: Telecom tower infrastructure company Bharti Infratel said Nettle Infrastructure Investments would buy about 21.63% of its stake from company’s promoter Bharti Airtel Ltd.

In a disclosure filed with National Stock Exchange, Bharti Infratel said Nettle Infra Investments, a wholly-owned unit of Bharti Airtel, would acquire about 400 million shares on or after 27 March.

Shares of Bharti Infratel rose as much as 1.34% in early trade on Tuesday to be among the top gainers on the broader Nifty 50 index. Reuters

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