 "Airtel")
The promoters of Bharti Enterprises will use the proceeds of the latest stake sale in Bharti Airtel to refinance loans taken to acquire a 24.5 per cent equity stake in British Telecom (BT) last year, multiple sources close to the development told Business Standard.
On Tuesday, Indian Continent Investment Limited (ICIL), a promoter-group entity of Bharti Airtel sold 0.84 per cent of its stake in the telecom operator. The 5.11 crore shares in Airtel were sold through a market transaction, for an aggregate amount of ₹8,485.11 crore, the telco said in an exchange filing.
Bharti Global, the international investment arm
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