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

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.