Airtel Sells Bharti Infratel's 11% Stake to Nettle

Bharti Airtel has completed the sale of 11.32 percent stake in Bharti Infratel to Nettle Infrastructure Investments Limited for Rs 6,806 crore, a regulatory filing by the company said here on Wednesday.

Nettle is a wholly-owned subsidiary of Bharti Airtel.

"The company has today completed an inter-se transfer of 11.32 percent stake in Bharti Infratel to Nettle Infrastructure Investments," the filing with the BSE said.

"Post the said inter-se transfer, Bharti Airtel will hold 50.33 per cent while Nettle will hold 11.32 per cent stake in Bharti Infratel, the remaining 38.35 percent shall be held by public/other shareholders," it added.Also read: Bharti Airtel Sells 10.3% Stake in Bharti Infratel to KKR, CPPIB