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Bharti Airtel to acquire Warburg Pincus 20% stake in DTH arm for Rs 3,126 crore
The proposed transaction is part of Airtel s strategy to align the shareholding of its customer facing products, services and businesses under the same holding group.
BusinessToday.In | February 17, 2021 | Updated 22:01 IST
For the acquisition, the company will issue 3.64 crore equity shares of Airtel on a preferential basis to Lion Meadow at a price of Rs 600 per share, Airtel said in a release.
Bharti Airtel on Wednesday said it will buy back 20 per cent stake in its DTH arm Bharti Telemedia from Warbug Pincus affiliate entity Lion Meadow Investment Ltd for a total consideration of Rs 3,126 crore.
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