Airtel transfers 16.76% stake to Nettle Infra

Chennai: Telecom operator Bharti Airtel has transferred an additional 16.76 per cent stake, worth Rs 10,000 crore, it holds in telecom tower arm Bharti Infratel to Nettle Infrastructure Investments Ltd in two tranches, according to a regulatory filing.

The Sunil Bharti Mittal-led telecom services firm had earlier said it is parking its stake in Nettle Infrastructure, a wholly owned subsidiary of the company, as it plans to monetise stake in Bharti Infratel.

Airtel holds 53.51 per cent stake in Bharti Infratel. Bharti Airtel transferred 8.65 per cent stake in Bharti Infratel on Monday and another 8.11 per cent on Tuesday to Nettle Infrastructure.

NT Bureau