Bharti Airtel grabs an additional 4.9% stake in Bharti Infratel

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Leading global telecommunication service, Bharti Airtel on Wednesday acquired an additional 4.9% stake in Bharti Infratel through a block deal stated CNBC- TV18.  Airtel has bought shares under the creeping acquisition norms. Providence, Edge Point and FII’s have sold shares worth 14.7 crore. Whereas, KKR and Vodafone are not among the sellers in the market. Bharti Airtel currently holds 36.7% stake in Bharti Infratel and the addition makes it to 41.6%. Vodafone also holds 28.12% stake in the merged entity.

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