Bharti Airtel Ltd.

Bharti Airtel, India's largest telecommunications services provider, has completed the secondary sale of over 190 million shares of its subsidiary Bharti Infratel (representing 10.3%), to a consortium of funds advised by KKR and Canada Pension Plan Investment Board (CPPIB) for a total consideration of over Rs 6193.9 crore (approx $ 951.6 million), executed at a price of Rs 325 per share. Bharti Airtel will primarily use the proceeds from this sale to reduce its debt. Following the closure of this transaction, Bharti Airtel's equity holding in Bharti Infratel stands at 61.7%, and that of KKR and CPPIB at 10.3%.

Bharti Airtel is a leading integrated telecommunications company with operations in 17 countries across Asia and Africa. The company ranks amongst the top 3 mobile service providers globally in terms of subscribers.