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HomeUncategorizedBharti Infratel falls 5pc on KKR stake sale plan report

Bharti Infratel falls 5pc on KKR stake sale plan report

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Shares in Bharti Infratel fell nearly 5 per cent to Rs. 296.90 on Monday on reports that US based private equity fund Kohlberg Kravis Roberts and Co (KKR) is looking to exit its 2.38 per cent stake in the company through a share sale.

KKR reportedly plans to raise around $230 million dollar by selling its entire 4.5 crore shares in Bharti Infratel to take advantage of the recent gain in the share prices of the company.

Bharti Infratel shares have gained nearly 50 per cent in last six months against a 23 per cent gain in Nifty.

KKR has been invested in Bharti Infratel for the last 6 years.

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