KKR, CPPIB invest $953m in India's Bharti Infratel
KKR and the Canada Pension Plan Investment Board (CPPIB) have invested INR62 billion ($953 million) in the cell tower arm of Indian telecom services provider Bharti Airtel.
According to a statement the investors bought over 190 million shares in Bharti Infratel, about a 10.3% stake, for INR325 per share, a premium to the previous day’s closing price of INR313.85. After...
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