Airtel sells stake in Bharti Infratel to KKR, Canada Pension for Rs 6194 cr

Proceeds to be primarily used to pare debt

Bharti Airtel Limited on Tuesday announced the successful completion of the secondary sale of over 190 million shares of its subsidiary Bharti Infratel Limited, representing a 10.3 per cent stake, to a consortium of funds advised by KKR and Canada Pension Plan Investment Board (CPPIB) for over Rs 6,193.9 crore (approximately $951.6 million), executed at a price of Rs 325 per share.

India’s largest telecommunications services provider will primarily use the proceeds from this sale to reduce its debt. Following the closure of this transaction, Bharti Airtel’s equity holding in Bharti Infratel stands at 61.7 per cent, and that of