Warburg Pincus sells Bharti Airtel shares for Rs 1,649 crore; Capital Group purchases
According to the block deal data available with the BSE, Lion Meadow offloaded 1,90,00,000 shares, amounting to 0.32 per cent stake in Bharti Airtel. These shares were acquired by funds/ affiliates of US-based financial services company Capital Group in 11 tranches.
Warburg Pincus disposed Airtel shares of at an average price of Rs 868 apiece, taking the aggregate transaction size to Rs 1,649.20 crore. Photo: File