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Bharti Airtel’s arm acquires additional 4.94% stake in Bharti Infratel

03 Dec 2020 Evaluate

Bharti Airtel’s wholly owned subsidiary -- Nettle Infrastructure Investments has acquired an additional equity stake of around 4.94% in Bharti Infratel on December 02, 2020 for Rs 2,882.32 crore. With this transaction, Bharti Airtel's total direct and indirect stake in its mobile tower arm Infratel has increased to 41.66%. Before the acquisition, Bharti Airtel and Nettle held 23.04% and 13.69% stake, respectively in Infratel.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.

Peers
Company Name CMP
Bharti Airtel 1741.00
Vodafone Idea 12.65
Indus Towers 376.00
Tata Communications 1685.50
Railtel Corp. India 257.20
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