Bharti Airtel , India’s top mobile phone carrier, said it will sell up to 45 million shares in unit Bharti Infratel Ltd on Thursday at a floor price of Rs 250 a share.
The sale will be through the stock exchange. Bharti Airtel will raise up to 11.25 billion rupees (USD 183 million) at the floor price set, according to Reuters calculation.
As of end-June, Bharti Airtel owned 79.4 percent of Bharti Infratel, which is a mobile phone mast operator.
