Bharti Airtel has received an approval for transfer of 19% equity shares of Bharti Telemedia, a subsidiary company to Nettle Infrastructure Investments, a wholly owned subsidiary company. The board of directors at its meeting held on March 12, 2018 has approved for the same.
Further, a part of the aforesaid stake shall be utilized for completion of stake sale of Bharti Telemedia to Warburg Pincus Group, as earlier announced by the company on December 12, 2017.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.
