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Bharti Infratel says Nettle Infra to buy about 21.63 percent stake in co from Airtel

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(Reuters) - Telecom tower infrastructure company said Infrastructure would buy about 21.63 percent of its from company's promoter Airtel Ltd.

In a disclosure filed with National Stock Exchange, said Infra Investments, a wholly-owned unit of Airtel, would acquire about 400 million shares on or after March 27.

Shares of rose as much as 1.34 percent in early trade on Tuesday to be among the top gainers on the broader Nifty 50 index.

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Swati Bhat)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Bharti Infratel says Nettle Infra to buy about 21.63 percent stake in co from Airtel

(Reuters) - Telecom tower infrastructure company Bharti Infratel said Nettle Infrastructure Investments would buy about 21.63 percent of its stake from company's promoter Bharti Airtel Ltd.

(Reuters) - Telecom tower infrastructure company said Infrastructure would buy about 21.63 percent of its from company's promoter Airtel Ltd.

In a disclosure filed with National Stock Exchange, said Infra Investments, a wholly-owned unit of Airtel, would acquire about 400 million shares on or after March 27.

Shares of rose as much as 1.34 percent in early trade on Tuesday to be among the top gainers on the broader Nifty 50 index.

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Swati Bhat)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Bharti Infratel says Nettle Infra to buy about 21.63 percent stake in co from Airtel

(Reuters) - Telecom tower infrastructure company said Infrastructure would buy about 21.63 percent of its from company's promoter Airtel Ltd.

In a disclosure filed with National Stock Exchange, said Infra Investments, a wholly-owned unit of Airtel, would acquire about 400 million shares on or after March 27.

Shares of rose as much as 1.34 percent in early trade on Tuesday to be among the top gainers on the broader Nifty 50 index.

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Swati Bhat)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22