Bharti Airtel hikes Infratel holding by 4.9%, stake reaches 41.6%

Bharti Airtel on Thursday said it has increased its stake in Bharti Infratel by purchasing an additional 4.9 per cent by way of a block deal for just below Rs 3,000 crore.
 
Currently, Bharti Airtel holds 36.7 per cent stake in the tower subsidiary. After completion of the deal, its stake will increase to 41.6 per cent.
 
The telecom operator has bought close to 133 million shares in the tower arm at Rs 216 apiece, for a total of Rs 2,870 crore.
 
Bharti Airtel’s shareholding includes the 13.69 per cent stake of its subsidary Nettle Infrastructure, which