For total consideration of over Rs 6193.9 crore
Bharti Airtel announced the successful completion of the secondary sale of over 190 million shares of its subsidiary, Bharti Infratel representing 10.3%, to a consortium of funds advised by KKR and Canada Pension Plan Investment Board for a total consideration of over Rs 6193.9 crore (approx. USD 951.6 million), executed at a price of Rs 325 per share.Bharti Airtel 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% and that of KKR and Canada Pension Plan Investment Board at 10.3%.
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