Live
- Three Dead In Delhi Building Collapse Amid Heavy Rain
- District SP T. Srinivas Rao, IPS, Expresses Condolences on the Death of Woman Constable in Road Accident
- District Additional Collector Narsinga Rao Stresses Effective Implementation of Nasha Mukt Bharat Abhiyaan
- State Government Distributes Mahalakshmi Scheme Gas Cylinder Certificates under Abhaya Hastham
- Demand for Immediate Operationalization of 100-Bed Hospital in Alampur Constituency and 30-Bed Hospital in Aija Mandal
- Minister Komatireddy Venkat Reddy Criticizes Past Government for Yadadri Power Plant Neglect
- Nine persons injured in explosion at a house in Kishanbagh
- Design Democracy 2024 - Shaping the Future of Design, Art, and Innovation
- HDFC Pension Becomes First Private Sector Pension Fund Manager to Surpass Rs. 1 Lakh Crore in AUM
- University of Melbourne launches Global Centre in Delhi
Qatar Affiliate to Sell Airtel Stake For Rs. 9,500 Crore
Highlights
An affiliate of Qatar Foundation Endowment will sell its 5 per cent stake in telecoms carrier Bharti Airtel Ltd for about Rs. 9,500 ($1.46 billion) in block deals on Wednesday, according to a term sheet.
An affiliate of Qatar Foundation Endowment will sell its 5 per cent stake in telecoms carrier Bharti Airtel Ltd for about Rs. 9,500 ($1.46 billion) in block deals on Wednesday, according to a term sheet.
The affiliate, Three Pillars Pte Ltd, has put up about 19.9 crore shares for sale in a price range of Rs. 473-490 each, the term sheet showed.
The price range is a discount of 4.7-8 per cent to the stock's Tuesday closing price of Rs. 514.35 on the National Stock Exchange.
UBS is the handling the planned sale.
Next Story
ADVERTISEMENT
