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<div class="at-above-post addthis tool" data-url="https://www.metro.us/bharti-airtel-to-buy/"></div>BENGALURU (Reuters) – 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 […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/bharti-airtel-to-buy/"> ....
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. ....
India's retail inflation stayed within the central bank's target range for the second consecutive month as it fell to a 16-month low in January, data released by the government showed on Friday, helped by a sharp decline in food prices. ....
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By Reuters Staff 2 Min Read BENGALURU, Feb 4 (Reuters) - Indian shares fell on Thursday, as financial stocks took a breather after a three-day post-budget rally that saw the main indexes hit record highs. The NSE Nifty 50 index fell 0.23% to 14,755.70 by 0348 GMT, while the benchmark S&P BSE Sensex was down 0.29% at 50,108.69. Oil-to-telecoms conglomerate Reliance Industries declined 0.4% after it said its unit will sell its interest in certain upstream assets in the Marcellus shale in the United States for $250 million to Northern Oil and Gas Inc. Bank stocks were among the top drags on the Nifty 50, with top private-sector lender HDFC Bank falling 1.7%. The lender also weighed on the Nifty Bank index, which fell 1.1%. The index has risen 12.5% so far this week. ....