Bharti to sell 2.75% stake in Airtel for $1bn

Bharti Telecom, the Indian promoter of telco major Bharti Airtel, is set to sell a stake of up to 2.75% in the mobile services provider through block deals on Tuesday to raise $1 billion, or nearly Rs 7,600 crore. Currently, Bharti Telecom has a 38.8% stake in the telco, while Singtel, the foreign promoter, has 20.2%.

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