Of this, 15 per cent stake will be sold by Bharti Airtel and the rest by another Bharti entity which holds 5 per cent stake
The Tata Tele-Bharti Airtel deal is positive for both the sides as it will help improve the largest telco's credit profile, said Fitch on Friday. (File Photo)
New Delhi: Private equity firm Warburg Pincus will pick up 20 per cent stake in Bharti Telemedia, the DTH arm of Airtel, for around $350 million.
Of this, 15 per cent stake will be sold by Bharti Airtel and the rest by another Bharti entity which holds 5 per cent stake. Upon closing, Airtel will own 80 per cent equity stake in Bharti Telemedia. The board has approved the deal, which is subject to approvals.
( Source : Deccan Chronicle. )
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