Tribune News Service
New Delhi, March 28
Bharti Airtel said on Tuesday it has successfully completed the secondary sale of over 190 million shares of its subsidiary Bharti Infratel to a consortium of funds advised by KKR and Canada Pension Plan Investment Board for over Rs 6,193.9 crore.
The deal, representing a 10.3% stake, has been executed at a price of Rs 325 per share. Airtel will use the proceeds from this sale primarily to reduce debt.
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