Bharti Airtel connects for $349m Infratel sale

By Rev Hui
14 Aug 2014

The world’s fourth largest mobile service provider, Bharti Airtel, raised Rp21.4bn ($349m) on August 7 by offloading parts of its stake in Bharti Infratel through a trade that was almost double the size the seller originally planned.

As with all offer for sale (OFS) trades in India, the deal did not have a price range. Instead, it came with a floor price and the number of shares the company was looking to offload.

In Bharti Airtel’s case, it was selling 45m secondary shares in majority-owned ...

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