The Offer for sale (OFS), which opened and closed today on the BSE and the NSE, was for 4.5 crore shares with a greenshoe option of additional 4 crore shares, taking the total issue size to 8.5 crore.
While the floor price of the OFS was Rs 250 per share, the indicative price is Rs 251.71, as per exchange data.
With the offer, Bharti Airtel's equity holding in Bharti Infratel has come down to 74.86 per cent, well ahead of the December 2015 timeline to comply with SEBI's minimum public shareholding norm of 25 per cent, it added. At the end of June, Bharti Airtel held 79.36 per cent in Bharti Infratel.
"Successful completion of the Offer For Sale of 85 million shares of its subsidiary Bharti Infratel Limited for a total consideration of over Rs 2,100 crore, approximately USD 350 million," the company said.
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Bharti Enterprises Vice Chairman Akhil Gupta said, the firm is pleased with the strong investor response to the offer. The proceeds from the offer will allow Bharti Airtel to further "deleverage" through debt reduction, he added.
The net debt of Bharti Airtel at the end of first quarter ended June 30, 2014 stood at Rs 57,744.3 crore.
"The OFS got a global response, with investors including new ones, participating from US, Asia, Europe and India, leading to it being the largest OFS from the Indian private sector," Bharti Airtel's Group Treasurer Harjeet Kohli said.
DSP Merrill Lynch Limited, JP Morgan India Private Limited and UBS Securities India Private Limited were the brokers for the Offer.
Shares of Bharti Infratel closed at Rs 253.05 a unit, down by 6.59 per cent, compared to previous close at BSE.
The mobile tower firm has plans to invest Rs 1,345.7 crore in capital expenditure by the end of this fiscal.
Bharti Infratel is one of the largest tower infrastructure providers in India. The company had raised Rs 3,165.7 crore in 2012 though its initial public offer.