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Bharti Infratel surges 4% on buzz of stake purchase by KKR

Bharti Infratel surges 4% on buzz of stake purchase by KKR

Tuesday, March 28, 2017, 10:32 AM

Shares of Bharti Infratel rose nearly 4% intraday on Tuesday as investors cheered the buzz of stake purchase by KKR. According to reports KKR has purchased 10% stake in the firm from Bharti Airtel at a price of Rs 325 per share. The stock has corrected around 20% since Idea-Vodafone confirmed merger talks and Bharti Airtel's acquisition of Telenor India.
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