Social News XYZ     

Airtel completes Bharti Infratel’s 11% stake sale to Nettle

Airtel completes Bharti Infratel's 11% stake sale to Nettle
Mumbai, March 29 (IANS) 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.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

Facebook Comments
Airtel completes Bharti Infratel's 11% stake sale to Nettle

About VDC

Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.

%d bloggers like this: