Blackstone, Brookfield in race to buy 40% in Bharti Infratel

While Brookfield is bidding on its own, Blackstone has teamed up with the consortium consisting of private equity fund, KKR & Co and Canada Pension Plan Investment Board (CCPIB), Economic Times reports.

November 17, 2016 / 09:18 IST

26 Aug, 2025 12:21

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The Indian Alternative asset manager Blackstone Group and Canadian investor Brookfield are vying with each other to pick up around 40 percent stake in Bharti Infratel.

While Brookfield is bidding on its own, Blackstone is throwing its hat in the ring with private equity fund KKR & Co and Canada Pension Plan Investment Board (CCPIB), The Economic Times reports.

A 40 percent stake sale in Bharti Infratel will cost around Rs 27,000 crore as per Wednesday's closing price.Bharti Airtel owns 72 percent in Infratel, wihle the remaining is vested with public shareholders.

first published: Nov 17, 2016 09:18 am

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