Webinar :Don't miss the exciting session on 'Make in India: Pharmacy of the World' where top business leaders reveal how the life sciences and pharma sector can become more aatmanirbhar. Click to attend:

Airtel to buy back 20% stake in Bharti Telemedia from Warburg Pincus for Rs 3,126 crore

The Warburg Pincus affiliate had acquired 20 percent equity stake in Bharti Telemedia in 2018 after the announcement of the deal in December 2017.

February 17, 2021 / 07:29 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Bharti Airtel on Wednesday said it will acquire 20 percent stake in its DTH arm Bharti Telemedia from an affiliate of Warburg Pincus for about Rs 3,126 crore.

The Warburg Pincus affiliate had acquired 20 percent equity stake in Bharti Telemedia in 2018 after the announcement of the deal in December 2017.

The transaction will be discharged primarily via issuance of about 3.64 crore equity shares of Airtel at a price of Rs 600 per share and up to Rs 1,037.8 crore in cash, Bharti Airtel said in a statement.
PTI
first published: Feb 17, 2021 07:29 pm

stay updated

Get Daily News on your Browser
Sections