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Vodafone exits Bharti Airtel, sells its 4.2 % stake for $ 200 mn

May 29, 2015    

New Delhi: British telecom company Vodafonetoday said it has exited from Bharti Airtel by selling its 4.2per cent stake in the Indian telecom major to an arm of BhartiGroup."Vodafone confirms that it has sold, through a wholly-owned subsidiary, its shareholding in Bharti Infotel PrivateLimited, representing an approximate 4.2 per cent interest inBharti Airtel Ltd, to Bharti Enterprises (Holding) PrivateLimited for USD 200 m (million)," the company said in astatement.Vodafone has to sell its entire stake in Bharti Airtelfollowing new norms issued by government that bars a telecomopera...

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