Compassvale cuts stake in Bharti Infratel

Our Bureau Chennai | Updated on January 23, 2018

Compassvale Investments Pte Ltd, an arm of Temasek, has cut its stake in Bharti Infratel.

According to a bulk deal data on the BSE, Compassvale sold about 1.737 crore shares at an average price of ₹380.04. However, the data does not reveal the buyer’s name.

As of June end, Compassvale Investments held three crore shares, representing 1.58 per cent of Bharti Infratel.

The fund house has been reducing its stake in the telecom infrastructure major in the last few quarters. It may be recalled that in February this year, Bharti Airtel, the promoter of Bharti Infratel, sold 5.5 crore shares, thus reduced its holding to 71.81 per cent from 74.85 per cent.

Published on August 28, 2015

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like