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BRIEF-Bharti Airtel completes sale of 10.3 pct stake in Bharti Infratel to KKR, CPPIB
March 28, 2017 / 4:46 AM / 8 months ago

BRIEF-Bharti Airtel completes sale of 10.3 pct stake in Bharti Infratel to KKR, CPPIB

March 28 (Reuters) - Bharti Airtel Ltd:

* Says completes secondary sale of 10.3% stake in Bharti Infratel to consortium of KKR & Canada Pension Plan Investment Board

* Says proceeds to be primarily used to pare debt

* Says deal for over 61.94 billion rupees executed at INR 325 per share

* Says on closure of deal, co's equity holding in Bharti Infratel stands at 61.7 pct and that of KKR and CPPIB at 10.3 pct Source text: bit.ly/2osDErN Further company coverage:

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