DTH Updates Stake sale in DTH arm: Bharti Airtel gets govt’s FDI approval

rahul1117kumar

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At a time when the company is looking to pare its debt, telecom and media conglomerate Bharti Airtel has received foreign direct investment approval from the government for sale of 20 per cent stake in its DTH arm to private equity firm Warburg Pincus for around $350 million, two people in know of the matter said. An Airtel spokesperson did not comment at the time of publishing. The transaction will see Bharti Airtel sell 15 per cent stake in Bharti Telemedia, while the rest 5 per cent will come from another Bharti entity.

‘Stake sale in DTH arm: Bharti Airtel gets govt’s FDI approval’
 
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