Bharti Airtel, India's largest telecommunications services provider, has completed an inter-se transfer of 11.32% stake (209,416,643 equity shares) in Bharti Infratel to Nettle Infrastructure Investments (Nettle), a wholly owned subsidiary of Bharti Airtel. Post the said inter-se transfer, Bharti Airtel will hold 50.33%, while Nettle will hold 11.32% stake in Bharti Infratel, the remaining 38.35% (approx.) shall be held by public / other shareholders.
Bharti Airtel is a leading integrated telecommunications company with operations in 17 countries across Asia and Africa. The company ranks amongst the top 3 mobile service providers globally in terms of subscribers.