Bharti Infratel, Bharti Airtel slip post stake sell news

Bharti Airtel to cut its stake to 18.3 percent from current 50.3 percent in the company.

Shares of Bharti InfratelBharti Airtel slipped 1-3 percent in the early trade on Tuesday post later one is going to sell its stake in Bharti Infratel.

Bharti Airtel is going to sell up to 32 percent stake in Bharti Infratel to Nettle Infra for Rs 289.96 per share.

Nettle Infrastructure Investments is a wholly-owned subsidiary of Bharti Airtel.

Bharti Airtel to cut its stake to 18.33 percent from current 50.33 percent in the company.

At 09:34 hrs Bharti Infratel was quoting at Rs 312.80, 2.05 percent and Bharti Airtel was quoting at Rs 332.25, down 0.43 percent on the BSE.

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