MUMBAI (Reuters) - An affiliate of Qatar Foundation Endowment will sell its 5 percent stake in Indian telecoms carrier Bharti Airtel Ltd for about 95 billion rupees ($1.46 billion) in block deals on Wednesday, according to a term sheet.
The affiliate, Three Pillars Pte Ltd, has put up about 199.9 million shares for sale in a price range of 473-490 rupees each, the term sheet showed.
The price range is a discount of 4.7-8 percent to the stock's Tuesday closing price of 514.35 rupees on the National Stock Exchange.
UBS is the handling the planned sale.
($1 = 64.9900 Indian rupees)
(Reporting by S. Anuradha of IFR, Writing by Devidutta Tripathy; Editing by Louise Heavens)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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