Bharti Airtel to slash direct stake in Infratel

Bharti InfratelNSE -1.06 % Ltd said on Tuesday mobile carrier Bharti Airtel LtdNSE 3.33 % will slash its stake in the telecom tower company by more than half to 18.3 percent.

Airtel’s unit, Nettle Infrastructure Investments Ltd, will buy a 32 percent stake in Bharti Infratel, the telecom tower company said.