Indus Towers Ltd.

BSE: 534816 | NSE: INDUSTOWER
Mid Cap | Telecommunication - Service Provider
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Kohlberg Kravis Roberts to sell entire stake in Bharti Infratel: Report

Date: 22-09-2014

US-based private equity fund Kohlberg Kravis Roberts and Company (KKR) is reportedly planning to sell its entire stake in the telecom tower firm -- Bharti Infratel. KKR, which currently owns 2.38% stake in Bharti Infratel, has been investing in the company since the last six years.

KKR has already called for pitches from investment banks such as Morgan Stanley, UBS and Citigroup. It will be via block trades on the stock exchanges.

Bharti Infratel is one of the largest tower infrastructure providers in India with 35,900 towers in 11 telecom circles across India. The company, which went public in 2012, has 42 per cent stake in Indus Towers which has 112,144 towers in 15 telecom circles across India.