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India's Bharti Airtel gains on $1.26 bln investment

Source : REUTERS
Last Updated: Fri, May 03, 2013 03:50 hrs

MUMBAI, May 3 (Reuters) - India's Bharti Airtel Ltd shares rose as much as 4.7 percent in early trade after the company said it would sell a 5 percent stake to Qatar Foundation Endowment for $1.26 billion.

Bharti Airtel said it would issue 199.87 million shares to Qatar Foundation at 340 rupees per share.

Bharti Airtel shares were up 2.8 percent at 325.95 rupees. They earlier touched a high of 331.5 rupees. (Reporting by Abhishek Vishnoi; Editing by Anand Basu)


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