KKR and Canada Pension Plan Investment to invest in Bharti Infratel for $952m from Bharti Airtel.

KKR and Canada Pension Plan Investment have acquired 190m shares of Bharti Infratel, for $952m from Bharti Airtel, India's largest telecommunications services provider, representing 10% of the company Bharti Airtel will primarily use the proceeds from this sale to reduce its debt. Following the closure of this transaction, Bharti Airtel's equity holding in Bharti Infratel stands at 62%, and that of KKR and CPPIB at 10%. "This investment by a consortium of marquee long-term investors underlines the confidence of the global investors in India's growth story and the government's Digital India initiative in particular. It further reinforces the positive outlook for the telecom infrastructure sector. The long-term investment horizon of the investors aligns well with the capital needs and business cycles of Bharti Infratel." Sunil Bharti Mittal, Bharti Airtel Chairman.