Qatar sovereign fund buys $1.2b stake in Bharti Airtel
The Qatar Foundation Endowment will buy a 5% stake in Bharti Airtel for INR67.9 billion ($1.26 billion). It will purchase 199.8 million new shares issued by the India-based telecommunications provider at INR340 apiece.
Bharti Airtel said the deal will strengthen its capital structure and provider further flexibility in terms of delivering on its growth strategy. The company increased its debt burden when it bought...
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