Indian telecom operator Bharti Airtel Ltd said on Wednesday it will buy U.S. private equity firm Warburg Pincus' 20% stake in its direct-to-home television arm for 31.26 billion rupees ($429.31 million). Bharti Airtel, which is looking to consolidate the shareholding of its consumer facing businesses, said it will issue about 36.5 million shares to a Warburg Pincus affiliate at 600 rupees per share, and pay up to 10.38 billion rupees in cash. Lion Meadow Investment, a Warburg Pincus affiliate, bought the stake in Bharti Telemedia in 2017.