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Bharti Airtel Ltd, through its wholly-owned subsidiary Nettle Infrastructure Investments Ltd, has acquired an additional stake of how much per cent in tower company Bharti Infratel Ltd for ₹2,882.32 crores?

Bharti Airtel Ltd, through its wholly-owned subsidiary Nettle Infrastructure Investments Ltd, has acquired an additional stake of how much per cent in tower company Bharti Infratel Ltd for ₹2,882.32 crores? Correct Answer 4.94

The correct answer is 4.94%.

  • Bharti Airtel Ltd, through its wholly-owned subsidiary Nettle Infrastructure Investments Ltd, has acquired an additional stake of 133 million shares or 4.94% in tower company Bharti Infratel Ltd for ₹2,882.32 crores.
  • Prior to the acquisition, Bharti Airtel and Nettle Infrastructure held 23.04% and 13.69%, respectively, in Bharti lnfratel.
  • Bharti Infratel Ltd posted a 24% drop in consolidated net profit to ₹733 crore for the quarter ended September 2020 against a net profit of ₹964 crore in the corresponding period of 2019-20.

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