Qatari investor sells $1.5 billion stake in India's Bharti Airtel:
"A Qatari investor sold its entire 5 percent stake in top Indian telecoms carrier Bharti Airtel (BRTI.NS) on Wednesday for 96 billion rupees ($1.48 billion), adding to the sanctions-hit Gulf nation’s recent stake sales in foreign companies.
An affiliate of the Qatar Foundation Endowment (QFE) sold about 199.9 million shares in the phone carrier at 481 rupees each via a block trade, it said in a statement.
The sale price was a 6.4 percent discount to Bharti Airtel’s Tuesday closing price, but will still give the Qatari investor a significant return over its 68 billion-rupee investment in the Indian company in May 2013."
'via Blog this'
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