 "IPOs, funding")
Bharti Telecom, the promoter company of Bharti Airtel, on Tuesday raised Rs 8,433 crore ($1.15 billion) by offloading 2.75 per cent stake in the telecom major through secondary market trades.
The company said the sale saw more demand than the shares on offer, with investors across geographies placing bids.
“The stake sale was anchored by several existing and new shareholders and several marquee global mutual funds (MFs), sovereign wealth funds, multi-strategy funds and domestic institutional investors in sizable quantities,” the Bharti group said in a statement.
According to BSE data, Société Générale picked up 35.3 million shares at Rs 561.1 apiece, investing a
