Telenor has acquired additional 11.1% stake in Unitech Wireless, a subsidiary of Unitech, for about Rs 1,493 crore through a fresh issue of shares.
Considering its existing investment of Rs 2,620 crores, Telenor's total investment in Unitech Wireless now stands at Rs 4,113 crores and shareholding in the latter's total issued and paid-up equity share capital will increase from 49% to 60.1%.
The shares of Unitech are trading at Rs 86, higher by Rs 2 or 3%, on the BSE.
