Private equity firm picks up stake in Airtel's DTH
Of this, 15 per cent stake will be sold by Bharti Airtel and the rest by another Bharti entity which holds 5 per cent stake
By : DC Correspondent
Update: 2017-12-12 18:57 GMT
New Delhi: Private equity firm Warburg Pincus will pick up 20 per cent stake in Bharti Telemedia, the DTH arm of Airtel, for around $350 million.
Of this, 15 per cent stake will be sold by Bharti Airtel and the rest by another Bharti entity which holds 5 per cent stake. Upon closing, Airtel will own 80 per cent equity stake in Bharti Telemedia. The board has approved the deal, which is subject to approvals.