Bharti Airtel to sell shares in unit Bharti Infratel on Thursday | business | Hindustan Times
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Bharti Airtel to sell shares in unit Bharti Infratel on Thursday

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.

business 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.