Bharti Telecom seeks Rs 4,900 crore FDI nod; infusion to make Airtel foreign firm

NEW DELHI: Bharti Telecom, a promoter of Bharti Airtel, has sought government nod for the infusion of Rs 4,900 crore investment from Singapore-based Singtel and other foreign entities, a move that would make the country’s oldest private telecom operator a foreign entity.

The fund infusion will enhance foreign stakeholding in Bharti Telecom to over 50 per cent that will make it a foreign-owned entity, an official source aware of the development told PTI.

Sunil Bharti Mittal and his family own around 52 per cent stake in Bharti Telecom, at present.