Bharti Airtel has completed an inter-se transfer of 11.32% stake, which stands at 20,94,16,643 equity shares in Bharti Infratel Limited to Nettle Infrastructure Investments Limited, which is a wholly owned subsidiary of the company.
After the completion of this inter-se transfer, Bharti Airtel will hold 50.33% and Nettle will hold 11.32% stake in Bharti Infratel, while the remaining stake of 38.35% shall be held by the public or other shareholders.
Bharti Infratel Limited's stock is the top gainer in the BSE Telecom index, and is contributing the most to the index's gains. The stock is trading higher by nearly 4%. Bharti Airtel is also trading higher by 0.6% at Rs 342.85 per share.