Airtel may sell higher stake in DTH arm for funds to fight Jio

[Sarkar]

Bharti AirtelBSE 1.22 %, India’s largest mobile phone company, is believed to be looking to sell a higher stake in Bharti Telemedia, its DTH arm, to raise funds for building a war chest to fight Reliance Jio Infocomm, people familiar with the matter said.

A precursor to such a sale was a board approval to transfer 19% additional stake in Bharti Telemedia to wholly-owned unit, Nettle Infrastructure Investments. This transfer will be in addition to a 25% block already transferred in January 2018, thus taking the block being transferred to 44%.

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Airtel may sell higher stake in DTH arm for funds to fight Jio

 

[karan_hdl]

Airtel not selling extra stake but transferring about 20% of Stake to Nettle Infrastructure to facilitate the selling via Nettle to Warburg Pincus.

 

[Sarkar]

Airtel not selling extra stake but transferring about 20% of Stake to Nettle Infrastructure to facilitate the selling via Nettle to Warburg Pincus.

The last line says this sell will be in addition to what already happened in jan 2018 that means airtel share will be reduced to 56% from current 75 % in ADTV

 

[karan_hdl]

The last line says this sell will be in addition to what already happened in jan 2018 that means airtel share will be reduced to 56% from current 75 % in ADTV

Each & every reports confusing us,I read from here
Bharti Airtel approves transfer of 19% stake in DTH arm to Nettle

 

[Shantanu]

Bharti Airtel’s board of directors has approved a plan to raise about Rs 16,500 crore through debt, including a fresh issue of $1 billion in overseas bonds, to help refinance loans and pay for spectrum.
The board approved the issue of foreign currency bonds of up to $1 billion (Rs 6,482 crore) and sought fresh shareholder approval for issuance of non-convertible debentures of up to Rs 10,000 crore on a private-placement basis, the company said in a release to the BSE.

Bharti Airtel gets board nod to raise Rs 16,500 cr

 

[Sarkar]

Each & every reports confusing us,I read from here
Bharti Airtel approves transfer of 19% stake in DTH arm to Nettle

You read is correctly, first they sold 25% in Jan 2018 and now decided to sell further 19% so total sold share is 44%

 

[karan_hdl]

You read is correctly, first they sold 25% in Jan 2018 and now decided to sell further 19% so total sold share is 44%

I don't find any extra sale only one Warburg Pincus deal completed with the help of Shares transferred to Nettle but at first they said the transfer to Nettle doesn't include Warburg Pincus Shares but now they finished the sale with Nettle.

 

[Sarkar]

I don't find any extra sale only one Warburg Pincus deal completed with the help of Shares transferred to Nettle but at first they said the transfer to Nettle doesn't include Warburg Pincus Shares but now they finished the sale with Nettle.

Read the thread title, it has may word means probability. Earlier 25% completed and now New sale of 19% is in preliminary state

 

[karan_hdl]

Read the thread title, it has may word means probability. Earlier 25% completed and now New sale of 19% is in preliminary state

Presently what completed and how much sold and to whom should be clearly conveyed rather than how much gonna be sold in coming days.

 

[Sarkar]

Presently what completed and how much sold and to whom should be clearly conveyed rather than how much gonna be sold in coming days.

Airtel is a listed company so you should find these details in BSE fillings, you need to check there