Bharti Airtel gains on $1.26 billion investment

MUMBAI (Reuters) - Bharti Airtel Ltd shares rose as much as 4.7 percent in early trade after the company said it would sell a 5 percent stake to Qatar Foundation Endowment for $1.26 billion.

Bharti Airtel said it would issue 199.87 million shares to Qatar Foundation at 340 rupees per share.

Bharti Airtel shares were up 2.8 percent at 325.95 rupees. They earlier touched a high of 331.5 rupees.

(Reporting by Abhishek Vishnoi; Editing by Anand Basu)