Airtel gets government approval to sell 15% stake in DTH arm
Airtel has received government approval for sale of 15% stake in its DTH arm Bharti Telemedia to US private equity firm Warburg Pincus. Earlier, Airtel said Warburg Pincus will buy 20% stake in the DTH arm for $350 million, where 5% stake will be sold by another Bharti entity. Bharti Telemedia is India's third-largest DTH company with 21% market share.