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.