Bharti Airtel will sell more than 5 per cent stake in its tower arm Bharti Infratel through an open market block deal, a business TV channel reported citing sources.
Bharti Airtel owns a 71.7 per cent stake in Bharti Infratel, and a 5 per cent stake sale in the unit would be worth Rs 3748 crore based on current valuations.
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Airtel plans to use the sale proceeds to cut debt, the TV channel reported.
The report did not give a timeline for the planned sale.
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