Bharti Telecom is the promoter of Bharti Airtel, India’s largest telecom services provider. Photo: ReutersNew Delhi: Bharti Telecom has increased its shareholding in Bharti Airtel to 50.10% by acquiring over 184.7 million shares from Indian Continent Investment Ltd (ICIL). Bharti Telecom is the promoter of Bharti Airtel, India’s largest telecom services provider. “Consequent to the aforesaid acquisition, the shareholding of Bharti Telecom in the company has increased from 45.48% to 50.10%,” it said. Bharti Telecom has acquired the shares from ICIL (another promoter firm) at a price of Rs417.35 per share.

Source: Mint November 03, 2017 12:45 UTC