Bharati Telecom to sell 2.5% stake in Airtel for $1 Billion
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Bharti Telecom, the parent company of Bharti Airtel is planning to sell Airtel’s stake. The company is planning to raise almost $1 billion by selling shares in the mobile phone operator through a block deal on Tuesday at ₹ 558 a unit, according to a term sheet of the planned sale seen by Economic Times. “A block deal is expected tomorrow. Promoters plan to sell up to 2.75 per cent stake,” a banker said. Airtel’s shares ended 0.2 per cent down at Rs 593 on Friday. Both BSE and NSE were shut for trading on Monday. Listen in to know more! Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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