Sunil Mittal’s Bharti Airtel is looking to monetise another tranche of its holding in the company’s tower arm Bharti Infratel .
The telecom company will use funds for the upcoming spectrum auctions and to pare debt. The stake sale could be done via block deals in Infratel.
Bharti has been cutting its stake in Infratel, which got listed a few years ago, and this time it could be pared by over 5 percent.
At current market capitalisation, this will help the company raise over Rs 3,200 crore. As of now, Bharti holds around 71.7 percent in Infratel.