\"\"NEW DELHI: Bharti Airtel raised close to Rs 2,140 crore by selling a 4.5% stake in unit Bharti Infratel, a step that would allow India's No. 1 carrier to comply with a regulation on minimum public holding and generate funds which it could use to pare debt.
\n
\nThe country's securities law requires listed companies to have a minimum of 25% public shareholding.
\n
\nBharti Airtel held 79.4% of the tower arm before the stake sale. It sold 85 million shares through stock exchanges to reduce its stake to 74.86%. Bharti Infratel, which went public in December 2012, had three years from the initial public offering date to reduce its promoters' holding to 75%.
\n
\n\"The proceeds from the offer will allow Bharti Airtel to further deleverage through debt reduction,\" said Akhil Gupta, vice chairman of Bharti Enterprises, the group's parent entity.
\n
The offer was oversubscribed 2.4 times at an indicative price of Rs 251.71 per share, compared with the floor price Rs 250. Bharti Infratel's stock plunged to 6.6% at Rs 253.05 on Thursday. The Bombay Stock Exchange<\/a>, where the benchmark Sensex closed 0.3% down.
\n
The offer for sale (OFS) got a global response, with investors investors \"participating from the US, Asia, Europe and India, leading to it being the largest OFS from the Indian private sector\",
Bharti Airtel Group<\/a> Treasurer Harjeet Kohli said in a statement. Bharti Infratel has more than 35,000 towers across 18 states and 11 telecom circles.
\n
It also has a 42% stake in
Indus Towers<\/a>, which is a joint venture among Bharti Infratel, Vodafone India and Aditya Birla<\/a> Telecom.
\n
\nBharti Airtel, on its part, had net debt of $9.6 billion at the end of June. It had last month agreed to sell about a fifth of its 15,000 telecom towers in Africa.
\n
\nAccording to sources, it is also in the process of selling the remaining tower assets in the continent to a clutch of investors.
\n
\nThe company successfully converted all of its foreign debt, taken to acquire Zain's African assets, into lowinterest long-term bonds during the past one year.
\n
\nLast year, Bharti Airtel sold 5% of its stake for about $1.1 billion to a Qatari fund.
\n
\nBoA-ML, UBS and JPMorgan were managers to the Bharti Infratel share sale.
\n
\n\n<\/body>","next_sibling":[{"msid":39860653,"title":"Infosys CEO Vishal Sikka okays 5,000 promotions to improve employee morale","entity_type":"ARTICLE","link":"\/news\/industry\/infosys-ceo-vishal-sikka-okays-5000-promotions-to-improve-employee-morale\/39860653","category_name":null,"category_name_seo":"industry"}],"related_content":[],"msid":39874715,"entity_type":"ARTICLE","title":"Bharti Airtel sells Bharti Infratel stake for Rs 2,140 crore","synopsis":"Bharti Airtel held 79.4% of the tower arm before the stake sale. It sold 85 million shares through stock exchanges to reduce its stake to 74.86%.","titleseo":"industry\/bharti-airtel-sells-bharti-infratel-stake-for-rs-2140-crore","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2014-08-08 08:20:59","lastupd":"2014-08-08 14:26:25","breadcrumbTags":["industry","Bombay stock exchange","Aditya Birla","M&A","Business Partnership","Indus Towers","Bharti Airtel group"],"secinfo":{"seolocation":"industry\/bharti-airtel-sells-bharti-infratel-stake-for-rs-2140-crore"}}" data-authors="[" "]" data-category-name="Industry" data-category_id="18" data-date="2014-08-08" data-index="article_1">

Bharti Airtel销售鼓吹他的股份为2140卢比

Bharti Airtel持有该公司的79.4%的股权出售前塔臂。它通过证券交易所出售了8500万股股份降低到74.86%。

  • 更新2014年8月8日下午02:26坚持
新德里:Bharti Airtel接近2140卢比上调销售单位鼓吹他4.5%的股份,此举将使印度的1号航母上遵守规定最低公共控股并生成基金可以用于削减债务。

中国上市公司证券法律要求的最低公共持股25%。

Bharti Airtel持有该公司的79.4%的股权出售前塔臂。它通过证券交易所出售了8500万股股份降低到74.86%。鼓吹,2012年12月,上市三年从首次公开发行日期以减少其发起人的持股比例降至75%。

“所得提供允许Bharti Airtel进一步通过削减债务去杠杆化,“Akhil Gupta)说,副主席Bharti企业集团的母公司的实体。

报价是2.4倍超额认购的Rs每股251.71的一个指导价格,比底价250卢比。鼓吹他的股票周四暴跌至6.6%至253.05卢比。的孟买证券交易所,基准的Sensex指数下跌0.3%关闭。

标价出售(OFS)全球反应,与投资者投资者“参与来自美国、亚洲、欧洲和印度,导致它被OFS来自印度最大的私营部门”,Bharti Airtel集团司库Harjeet克里在一份声明中说。鼓吹在18个州超过35000塔和11电信圈。

也有42%的股份印度塔鼓吹之间,这是一个合资企业,沃达丰印度和Aditya Birla)电信。

Bharti Airtel,它有96亿美元的净债务在6月底。上个月已经同意出售大约五分之一的15000电信塔在非洲。

据消息人士透露,这也是在销售的过程中剩余的塔在大陆的投资者的资产。

该公司成功地转换所有的外债,收购Zain的非洲资产,到lowinterest长期债券在过去的一年。

去年,Bharti Airtel以大约11亿美元5%的股份卖给卡塔尔基金。

BoA-ML、瑞银集团和摩根大通鼓吹分享销售经理。

  • 发布于2014年8月8日凌晨08:20坚持
是第一个发表评论。
现在评论

加入2 m +行业专业人士的社区

订阅我们的通讯最新见解与分析。乐动扑克

下载ETTelec乐动娱乐招聘om应用

  • 得到实时更新
  • 保存您最喜爱的文章
扫描下载应用程序
\"\"NEW DELHI: Bharti Airtel raised close to Rs 2,140 crore by selling a 4.5% stake in unit Bharti Infratel, a step that would allow India's No. 1 carrier to comply with a regulation on minimum public holding and generate funds which it could use to pare debt.
\n
\nThe country's securities law requires listed companies to have a minimum of 25% public shareholding.
\n
\nBharti Airtel held 79.4% of the tower arm before the stake sale. It sold 85 million shares through stock exchanges to reduce its stake to 74.86%. Bharti Infratel, which went public in December 2012, had three years from the initial public offering date to reduce its promoters' holding to 75%.
\n
\n\"The proceeds from the offer will allow Bharti Airtel to further deleverage through debt reduction,\" said Akhil Gupta, vice chairman of Bharti Enterprises, the group's parent entity.
\n
The offer was oversubscribed 2.4 times at an indicative price of Rs 251.71 per share, compared with the floor price Rs 250. Bharti Infratel's stock plunged to 6.6% at Rs 253.05 on Thursday. The Bombay Stock Exchange<\/a>, where the benchmark Sensex closed 0.3% down.
\n
The offer for sale (OFS) got a global response, with investors investors \"participating from the US, Asia, Europe and India, leading to it being the largest OFS from the Indian private sector\",
Bharti Airtel Group<\/a> Treasurer Harjeet Kohli said in a statement. Bharti Infratel has more than 35,000 towers across 18 states and 11 telecom circles.
\n
It also has a 42% stake in
Indus Towers<\/a>, which is a joint venture among Bharti Infratel, Vodafone India and Aditya Birla<\/a> Telecom.
\n
\nBharti Airtel, on its part, had net debt of $9.6 billion at the end of June. It had last month agreed to sell about a fifth of its 15,000 telecom towers in Africa.
\n
\nAccording to sources, it is also in the process of selling the remaining tower assets in the continent to a clutch of investors.
\n
\nThe company successfully converted all of its foreign debt, taken to acquire Zain's African assets, into lowinterest long-term bonds during the past one year.
\n
\nLast year, Bharti Airtel sold 5% of its stake for about $1.1 billion to a Qatari fund.
\n
\nBoA-ML, UBS and JPMorgan were managers to the Bharti Infratel share sale.
\n
\n\n<\/body>","next_sibling":[{"msid":39860653,"title":"Infosys CEO Vishal Sikka okays 5,000 promotions to improve employee morale","entity_type":"ARTICLE","link":"\/news\/industry\/infosys-ceo-vishal-sikka-okays-5000-promotions-to-improve-employee-morale\/39860653","category_name":null,"category_name_seo":"industry"}],"related_content":[],"msid":39874715,"entity_type":"ARTICLE","title":"Bharti Airtel sells Bharti Infratel stake for Rs 2,140 crore","synopsis":"Bharti Airtel held 79.4% of the tower arm before the stake sale. It sold 85 million shares through stock exchanges to reduce its stake to 74.86%.","titleseo":"industry\/bharti-airtel-sells-bharti-infratel-stake-for-rs-2140-crore","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2014-08-08 08:20:59","lastupd":"2014-08-08 14:26:25","breadcrumbTags":["industry","Bombay stock exchange","Aditya Birla","M&A","Business Partnership","Indus Towers","Bharti Airtel group"],"secinfo":{"seolocation":"industry\/bharti-airtel-sells-bharti-infratel-stake-for-rs-2140-crore"}}" data-news_link="//www.iser-br.com/news/industry/bharti-airtel-sells-bharti-infratel-stake-for-rs-2140-crore/39874715">