Corporate Valuations - News Bharti Airtel sells 10 per cent stake in tower unit to KKR, Canada Pension



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Bharti Airtel sells 10 per cent stake in tower unit to KKR, Canada Pension


Date: 29-March-2017

Telecom operator Bharti Airtel has sold 10.3 per cent stake in its mobile tower arm Bharti Infratel to a consortium of KKR and Canada Pension Plan Investment Board for Rs 6,193.9 crore. Bharti Airtelwill use proceeds to pare debt which stands around INR 97,395 Cr at December end 2016. Bharti Airtel s stake will fall to 61.70% in Bharti Infratel after the transaction.

 
 
 
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