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  Business   Companies  12 Mar 2019  Bharti Airtel to slash direct stake in Infratel

Bharti Airtel to slash direct stake in Infratel

REUTERS
Published : Mar 12, 2019, 10:44 am IST
Updated : Mar 12, 2019, 10:44 am IST

Bharti Airtel Ltd will slash its stake in the telecom tower company by more than half to 18.3 per cent.

Airtel's unit, Nettle Infrastructure Investments Ltd, will buy a 32 per cent stake in Bharti Infratel. (Photo: PTI)
 Airtel's unit, Nettle Infrastructure Investments Ltd, will buy a 32 per cent stake in Bharti Infratel. (Photo: PTI)

Bharti Infratel Ltd said on Tuesday mobile carrier Bharti Airtel Ltd will slash its stake in the telecom tower company by more than half to 18.3 per cent.

Airtel's unit, Nettle Infrastructure Investments Ltd, will buy a 32 per cent stake in Bharti Infratel, the telecom tower company said.

Tags: bharti airtel, shares, infratel