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Company CMP + / -
AISHWARYA content-type content▼type (content-type%)
AIRTEL content-type content▼type (content-type%)
DHANUS content-type content▼type (content-type%)
FINCABLES content-type content▼type (content-type%)
GTL content-type content▼type (content-type%)
GTLINFRA content-type content▼type (content-type%)
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HCL INFO content-type content▼type (content-type%)
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IDEA content-type content▼type (content-type%)
ITI content-type content▼type (content-type%)
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ONMOBILE content-type content▼type (content-type%)
RCOM content-type content▼type (content-type%)
SHYAM TEL content-type content▼type (content-type%)
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AIRTEL

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DHANUS

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FINCABLES

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GTL

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GTLINFRA

Company ID [BOM:532775] Last trade:content-type Trade time:content-type Value change:content▼type (content-type%)

HCLTECH

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HCL INFO

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HFCL

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IDEA

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ITI

Company ID [BOM:523610] Last trade:content-type Trade time:content-type Value change:content▼type (content-type%)

KAVERITEL

Company ID [BOM:590041] Last trade:content-type Trade time:content-type Value change:content▼type (content-type%)

MTNL

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ONMOBILE

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RCOM

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SPICE MOBILE

Company ID [BOM:517214] Last trade:content-type Trade time:content-type Value change:content▼type (content-type%)

STERLITE TECH

Company ID [BOM:532374] Last trade:content-type Trade time:content-type Value change:content▼type (content-type%)

TANLA

Company ID [BOM:532790] Last trade:content-type Trade time:content-type Value change:content▼type (content-type%)

TATA COMM

Company ID [BOM:500483] Last trade:content-type Trade time:content-type Value change:content▼type (content-type%)

TTML

Company ID [BOM:532371] Last trade:content-type Trade time:content-type Value change:content▼type (content-type%)

TULIP

Company ID [BOM:532691] Last trade:content-type Trade time:content-type Value change:content▼type (content-type%)

VINDHYAT

Company ID [BOM:517015] Last trade:content-type Trade time:content-type Value change:content▼type (content-type%)

XLTELENE

Company ID [BOM:532788] Last trade:content-type Trade time:content-type Value change:content▼type (content-type%)
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Teledata

Tele Data

Mobile Subscribers Yearwise comparision

Bharti Airtel’s stake sale in Bharti Infratel credit positive, says Moody’s

August 10, 2017

Bharti Airtel recently completed its secondary stake sale of 67.53 million shares, or 3.7 per cent of stake in Bharti Infratel Limited through its wholly-owned subsidiary, Nettle Infrastructure for Rs 25 billion.

According to Moody’s, Bharti Airtel’s stake sale is a credit positive. However, this sale is not expected to have any immediate effect on its Baa3 issuer and senior unsecured debt ratings and negative outlook. The stake sale is consistent with the management’s commitment to strengthening its balance sheet and reducing debt.

Moody’s further estimates that even if all proceeds are used for debt reduction, the impact on leverage is limited. Moody's expects Bharti's profitability to remain under pressure over the next four quarters. Upwards ratings pressure is unlikely considering the negative outlook. However, the outlook could be revised to stable if Bharti's overall credit profile strengthens.

Earlier this year in March Bharti Airtel had sold a 10.3 per cent stake in Bharti Infratel for a sum of nearly Rs 61 billion.

 
 

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