Airtel completes Bharti Infratel s 11% stake sale to Nettle

Mumbai March 29 (IANS) Bharti Airtel has completed the sale of 11.32 per cent stake in Bharti Infratel to Nettle Infrastructure Investments Limited for Rs 6 806 crore a regulatory filing by the company said here on Wednesday.

Nettle is a wholly-owned subsidiary of Bharti Airtel.

The company has today completed an inter-se transfer of 11.32 per cent stake in Bharti Infratel to Nettle Infrastructure Investments the filing with the BSE said.

Post the said inter-se transfer Bharti Airtel will hold 50.33 per cent while Nettle will hold 11.32 per cent stake in Bharti Infratel the remaining 38.35 per cent shall be held by public/other shareholders it added.

--IANS
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