Airtel may sell controlling stake in Bharti Infratel

Approached by a few global investors eyeing tower subsidiary, the country's top operator, Bharti Airtel, looks open to selling the unit's controlling stake.

The board of Airtel last year had constituted a committee to evaluate selling stake in Bharti Infratel, following which it sold 13.96 per cent stake to a group of private equity investors and to others through qualified institutional placements. 

Airtel now holds, directly and through its subsidiary, an overall shareholding of 58 per cent in Bharti Infratel.

"Airtel has been approached by a few reputed global investors to acquire a significant stake in Bharti Infratel which,