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.
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.