India: Airtel sells 10.3% in Bharti Infratel to KKR-CPPIB group for $952m

India: Airtel sells 10.3% in Bharti Infratel to KKR-CPPIB group for $952m

Visuals taken from WikimediaCommons

In a much needed ammunition to strengthen its presence in India’s telecom market, Bharti Airtel Ltd on Tuesday said that it has sold 10.3% stake in its tower company Bharti Infratel Ltd to a consortium of funds to raise Rs 6,193.9 crore.

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