22 November 2023
The government expects to pocket around ₹10,000 Crore from a potential sale of its 30% stake in Bharti Hexacom, which is reckoned to be in the process of going public, a top official said. Bharti Airtel holds a majority 70% stake in its unit, Bharti Hexacom, which runs mobile services in Rajasthan and Northeast circles. The 30% government stake in Bharti Hexacom is held through Telecommunications Consultants India Ltd (TCIL), a state-owned telecom engineering and consulting firm with business interests overseas, including in pan-African and West Asia markets.
The government expects to pocket around ₹10,000 Crore from a potential sale of its 30% stake in Bharti Hexacom, which is reckoned to be in the process of going public, a top official said. Bharti Airtel holds a majority 70% stake in its unit, Bharti Hexacom, which runs mobile services in Rajasthan and Northeast circles. The 30% government stake in Bharti Hexacom is held through Telecommunications Consultants India Ltd (TCIL), a state-owned telecom engineering and consulting firm with business interests overseas, including in pan-African and West Asia markets.
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