Bharti Airtel Ltd.

Bharti Airtel is all set to transfer a 21.63% stake in mobile tower arm Bharti Infratel to wholly-owned subsidiary Nettle Infrastructure Investments. The deal will see around 400 million shares, reducing its own stake down to 50.33%, after 26 March 2017.

The remaining 28.04% share in the tower company belongs to public shareholders, with Airtel opting to hold on to the controlling stake in the company. Bharti Infratel’s tower base includes more than 90,000 if counting its stake in Indus Towers.