Information on the Target
Bharti Telemedia, a subsidiary of Bharti Airtel, is a prominent Direct-to-Home (DTH) service provider in India. The company offers a wide range of broadcasting services, positioning itself as a leader in the Indian digital entertainment market. By acquiring a 20% stake from Warburg Pincus, Airtel aims to consolidate its ownership and streamline its customer-facing services.
This acquisition is valued at approximately INR 31,260 million, with the majority settled through the issuance of around 36.47 million equity shares. The share issuance is slated at a preferential price of INR 600 per share, while the remainder will be paid in cash. This strategic move reflects Airtel's ambition to facilitate its
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in a Growth Equity deal
Disclosed details
Transaction Size: $424M
Equity Value: $424M