Bharti Group

PE major Warburg Pincus looks to raise Rs 4,000 crore in debt for Haier India stake buy

People aware of the matter said the exclusivity period is currently on and that a formal announcement is expected in the coming weeks. The plan is for the Mittal-Warburg consortium to acquire a 49 percent stake, with Haier retaining another 49 percent and employees holding the remaining 2 percent.

Bharti Group ready for big UK play with BT stake purchase, say analysts

Bharti is exploring an investment opportunity, leveraging its reasonable cash reserves following the 5G rollout in India and improving financials, analysts say

Bharti Group backed Eutelsat Communications lists on London Stock Exchange

Headquartered in Paris, the merged entity will have Bharti Enterprises as its largest shareholder, with a 21.2 per cent stake.

Bharti backed OneWeb, Neom Tech form $200 million JV for satellite network

The joint venture firm will see the deployment of OneWeb's Low Earth Orbit (LEO) satellite constellation to provide connectivity to enable Neom's ecosystem of cognitive technologies.

Bharti to invest additional Rs 3,700 crore into OneWeb; to become largest shareholder

The investment is a result of exercise of a 'Call Option' by Bharti. On completion of the transaction and with Eutelsat's $550 million investment, Bharti will hold 38.6 per cent.

Bharti-group backed OneWeb secures $550 million funding from Eutelsat

Bharti-group backed OneWeb said that the new investment would take the total funding to $1.9 billion in fresh equity.

Bharti Group entity sells Future Retail stake worth Rs 1,697 crore

Bharti Group entity Cedar Support Services sold 6 percent stake in Kishore Biyani-led Future Retail for nearly Rs 1,697 crore, through open market transactions.

Nifty hovers around 8900 ahead of Q3 GDP; L&T gains 1%

Bharti Group stocks and L&T led the pack of gainers on both the indices, while Idea Cellular saw a fall of around 3 percent due to stake exit by PE investor.

Bharti to consider Infratel tower sale in next Board meet: Srcs

Bharti Group may discuss sale of its tower arm Bharti Infratel in its board meet scheduled for next week, sources say. In October last year, the company had said that they are looking to sell a significant stake in Infratel.

Disparities have grown significantly: Sunil Mittal

Speaking at a session on future of big businesses at the WEF Annual Meeting 2017 here, the Bharti group chairman said, "disparities have increased in the last 10 years, and the people who feel that are the voters".

Bharti Group in talks to exit insurance business: Sources

The Bharti Group has many times in the past mulled selling its stake in Bharti AXA Insurance, though only now the Group believes it is the right time as growth in this sector is picking up, say sources with direct knowledge of the plan.

Political party donations jump 151% in FY15: ADR

Among these, the top fund contributors in order were Bharti Group, the Birlas and the Lodhas.

Bharti Realty ties up with Eros group for housing project

With this partnership, Bharti Realty has forayed into the residential segment. It will develop over 2,000 apartments in this project covering about 5.2 million sq ft of area.

Bharti, Vodafone JV in talks to acquire JT Global

Jersey's Bharti Group and Vodafone refused to comment on the matter. Jersey Airtel sells Vodafone services in Jersey - an island nation off French coast in English Channel.

CCI clears AXA raising stake in insurance JVs with Bharti

Earlier this month, the Foreign Investment Promotion Board (FIPB) had approved the two deals worth Rs 1,290 crore.

Future Group, Bharti Retail in talks for partnership

A multi-structured deal on the basis of share swap is being worked out between the two partners, post which Kishore Biyani-led Future Group will become the majority partner, according to sources.

Indus to add 2,000 more telecom towers nationwide

The expansion has resulted in coverage of over 380 towns and 43,500 villages in the region which has a massive subscriber base of 61 million mobile phone users, BL Venkateshwar, CEO of Indus Towers (Maharashtra and Goa Circle), told reporters here.

Bharti ropes in ex-Walmart India head Raj Jain

Jain had joined Walmart in 2006 and was named head of Walmart India in 2007. During his tenure, the company set up the wholesale cash-and-carry joint venture with Bharti Enterprises, back-end services and consulting businesses.

Walmart seeks time to convert $100 mn Bharti debentures

Walmart invested in compulsory convertible debentures (CCDs) issued by Cedar Support Services Ltd, a subsidiary of Bharti Ventures, in 2010. The deadline for conversion of the CDDs into equities ended today.

2G auction will be over on 1st day; price too high: Mittal

The reserve price of Rs 14,000 crore set for airwaves is "too high" and the auction of 2G spectrum will be over on the first day itself, Bharti group Chairman Sunil Bharti Mittal said today.

Bharti Walmart won't wait for all states to let retail FDI

Bharti Walmart will not wait till all states in India allow FDI in multi-brand retail to roll out its plans and may start opening its outlets from states like Maharashtra and Andhra Pradesh, a top official of the retail giant said here today.

Tech Mahindra to buy 51% in Comviva Tech; stock gains 2%

Tech Mahindra will buy 51% in Comviva Technologies for Rs 260 crore, reports CNBC-TV18. Tech Mahindra touched an intraday high of Rs 928.50 and an intraday low of Rs 912.25. At 09:25 hrs the share was quoting at Rs 921, up Rs 17.55, or 1.94%.

Tech Mahindra acquires 51% stake in Comviva for Rs 260 cr

Software services provider Tech Mahindra today announced acquisition of 51% stake in mobile value added services providers Comviva, in which Bharti Group has a major stake, for Rs 260 crore.

Tech Mahindra set to buy stake in Comviva: Sources

Indian software services provider Tech Mahindra Ltd is set to announce on Monday a deal to acquire a majority stake in mobile phone software maker Comviva Ltd, three sources with direct knowledge of the plans said.