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HindustanTimes Thu,02 Oct 2014

Bharti Airtel to sell shares in unit Bharti Infratel on Thursday

Reuters  Mumbai, August 06, 2014
First Published: 22:44 IST(6/8/2014) | Last Updated: 22:46 IST(6/8/2014)

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 Rs. 250 a share.

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The sale will be through the stock exchange. Bharti Airtel will raise up to Rs. 11.25 billion ($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.


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