Bharti Airtel to divest Infratel’s 32% shares in Nettle


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Bharti Airtel in its filing to the exchanges informed that its board has approved divestment of up to 59.12cr equity shares, representing 32% stake of Bharti Infratel, owned by the company, to its arm Nettle Infrastructure Investments.

"The transfer to Nettle shall be in accordance with all the applicable statutes, rules, and regulations," the company said in a press note after markets hours to the exchanges on Thursday. The divestment is subject to shareholders’ approval.

Post divestment, shareholdings of Bharti Airtel, Nettle Infrastructure Investments Limited, and Public/other shareholders will be 18.33%, 35.18%, and 46.49%, respectively in Infratel.

Bharti Airtel Ltd's share price ended at Rs316.15, down by Rs6.1 or 1.89%, from its previous close of Rs322.25 on the BSE.

The scrip opened at Rs316 and touched a high and low of Rs321.20 and Rs314.25, respectively. A total of, 56,59,335 (NSE+BSE) shares have traded on the counter. The current market cap of the company is Rs1,26,377.80cr.






























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