India: Airtel promoter sells 2.75% stake to Societe Generale and others

India: Airtel promoter sells 2.75% stake to Societe Generale and others

Photo: Bloomberg

Bharti Telecom Ltd, the promoter of Bharti Airtel Ltd, has sold a 2.75% stake in the telecom operator for a total of 8,433 crore, or $1.15 billion, to foreign institutional investors (FIIs) and some domestic mutual funds, said a person with knowledge of the matter.

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