Tuesday, July 3, 2007

Bharti says offers 5 pct equity to Temasek

The Bharti group said late on Tuesday that it had offered 5 percent equity in Bharti Airtel to Singapore's Temasek Holdings.

The group's Bharti Enterprises will hold a controlling 45 percent stake in Bharti Airtel, India's top mobile services firm, it said in a statement.

It said a subsidiary of Temasek would have the option to acquire a stake of up to 4.99 percent in Bharti Airtel.

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