Bharti Airtel ups stake in Infratel by nearly 5%
Wed, Dec 2, 2020 2:57 PM

Bharti Airtel ups stake in Infratel by nearly 5%

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Bharti Airtel, on Thursday bought an additional 4.9 per cent stake in its tower arm Bharti Infratel via open market block deals, paying anywhere between Rs 3,150-3,300 crore, sources said. Bharti Infratel has recently merged with Indus Towers, making it among the largest telecom tower companies in the world. Prior to the acquisition, Bharti Airtel held 36.7 per cent stake in the tower arm.

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