 "Bharti Airtel")
Bharti Airtel on Tuesday said it had offloaded 83 million shares in subsidiary Bharti Infratel for Rs 3,325 crore through secondary share sale in the stock market.
Bharti Airtel, India's largest telecom operator, will primarily use the proceeds from this sale to pare its debt, a company statement said.
Airtel's consolidated debt stood at Rs 91,480 crore as on September 2017.
Post the transaction, Bharti Airtel and its wholly owned subsidiaries together have an equity holding of 53.51 per cent in tower company Bharti Infratel, it added.
The sale was carried out by Airtel via its wholly-owned subsidiary, Nettle Infrastructure
