Bharti Airtel to sell shares in unit Bharti Infratel on Thursday

  • Reuters, Mumbai
  • Updated: Aug 06, 2014 22:46 IST

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.

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