CPPIB and KKR Invest in Bharti Infratel
The Canada Pension Plan Investment Board (CPPIB) and a group of funds advised by KKR acquired over 190 million shares, representing a 10.3% stake in Bharti Infratel Limited, a subsidiary of Bharti Airtel Limited. Bharti Airtel Limited is India’s largest telecommunications services provider. The total consideration for the secondary sale was over Rs 6,193.9 crore (US$ 951.6 million), at a price of Rs 325 per share. This is KKR’s second investment in Bharti Infratel. From 2008 to 2015, funds overseen by KKR invested in Bharti Infratel. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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