Bharti Airtel plans to list its tower unit,Bharti Infratel: report

Bharti Airtel is planning to list its tower unit, Bharti Infratel, by selling 10% stake to raise around nearly Rs. 45bn to fund expansion, according to a report.

The report stated that the group is in talks with bankers about listing a stake in Bharti Infratel.

Earlier there were reports that  Bharti Infratel is planning an IPO for at least $500 mn and is expected to file regulatory papers in September or October.

Source : http://www.indiainfoline.com/Markets/News/Bharti-Airtel-plans-to-list-its-tower-unitBharti-Infratel-report/5195479289