Bharti group acquires 4.99 pc in Bharti Airtel from Vodafone

New Delhi, July 18 (UNI) Bharti group of companies today said it has acquired 4.99 stake valued at 1.4 billion dollars in Bharti Airtel from British telecom major Vodafone.

Bharti has enhanced its voting interest in Bharti Airtel Ltd now to over 50 per cent, it said in a statement.

Bharti group had earlier sold 4.99 indirect stake in Airtel to Temasek.

Earlier this month, Sunil Mittal's Bharti group had offered its shares to Temasek Holdings enabling the Singapore government-owned investment vehicle a 4.99 per cent stake in Bharti Airtel.

Apart from Vodafone, Singapore Telecom holds 31 per cent stake in the company, a part of which is indirect shareholding routed through Bharti Telecom.

UNI