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Bharti Airtel unit selling $400 million Bharti Infratel stake: term sheet


SINGAPORE/MUMBAI (Reuters) - A unit of top Indian phone carrier Bharti Airtel Ltd will sell a stake worth about 26.17 billion rupees ($400 million) in mobile masts operator Bharti Infratel Ltd on Tuesday, according to a deal term sheet.Nettle Infrastructure Investments Ltd is offering to sell an about 3.5 percent stake in Bharti Infratel in a price range of 400 rupees to 415.5 rupees per share, the term sheet showed. The price range is a nil to 3.7 percent discount to Bharti Infratel's Monday closing price on the National Stock Exchange.The sale is scheduled to take place on Tuesday.As of ...

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First Published: Mon, November 13 2017. 19:54 IST