Bharti Airtel gets strong signal for $310m Infratel block
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Bharti Airtel gets strong signal for $310m Infratel block

bharti Airtel px230

India’s Bharti Airtel has raked in Rp19.25bn ($310m) by selling shares in subsidiary Bharti Infratel through an overnight block on February 25. Priced at the bottom of the range, the transaction saw strong interest from European and US investors, thanks to the company’s sector of operation, and also because a private placement executed just a day earlier had helped provide momentum for the trade.

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