Bharti Hexacom IPO opens on April 3, TCIL to sell 15% in Airtel unit

Kolkata: Bharti Hexacom’s initial public offering (IPO) opens April 3 and will pave the way for state-run Telecommunications Consultants India Ltd (TCIL) to divest 15% of its shares in the Bharti Airtel unit.

Post the IPO, parent Bharti Airtel will retain its 70% stake in Bharti Hexacom while TCIL’s stake will drop to 15%. Bharti Hexacom runs mobile services in Rajasthan and Northeast circles.