Tuesday, 14 November 2017

Bharti Airtel divests 83 mln shares of Bharti Infratel for Rs 3,325 crore

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Bharti Airtel today expressed that it has divested 83 million shares of its assistant, Bharti Infratel, for Rs 3,325 cr through alternate share sale in the stock market. The sale was done @Rs 400.6/share, representing a discount of 3.6% to the previous day's closing price.

Bharti Airtel, India's enormous medium function, will primarily utilize the incomes from this selling to decrease its indebtedness, as per report. Airtel's united indebtedness stood at Rs 91,480 crore as on Sept 2017. Bharti Airtel and its wholly owned assistants together have an asset holding of 53.51%in structure institution Bharti Infratel, the company said.

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