Private equity giant Warburg Pincus is buying a 20% stake in the direct-to-home (DTH) television arm of Bharti Airtel Ltd, for $350 million (Rs 2,259 crore)..AZB & Partners acted for both Warburg Pincus and Bharti Airtel..Partners Anil Kasturi and Nandita Govind, along with Senior Associate Jaishree Tolani Lamba, acted for Warburg Pincus..Partners Gautam Saha and Dushyant Bagga along with Senior Associate Swati Chauhan advised Bharti Airtel..An affiliate of Warburg Pincus will purchase 15% of Bharti Telemedia from Bharti Airtel and 5% from another Bharti group company. Billionaire Sunil Bharti Mittal-led Airtel will own 80% of the DTH arm once the deal closes, reported VCCircle.
Private equity giant Warburg Pincus is buying a 20% stake in the direct-to-home (DTH) television arm of Bharti Airtel Ltd, for $350 million (Rs 2,259 crore)..AZB & Partners acted for both Warburg Pincus and Bharti Airtel..Partners Anil Kasturi and Nandita Govind, along with Senior Associate Jaishree Tolani Lamba, acted for Warburg Pincus..Partners Gautam Saha and Dushyant Bagga along with Senior Associate Swati Chauhan advised Bharti Airtel..An affiliate of Warburg Pincus will purchase 15% of Bharti Telemedia from Bharti Airtel and 5% from another Bharti group company. Billionaire Sunil Bharti Mittal-led Airtel will own 80% of the DTH arm once the deal closes, reported VCCircle.
