TCIL may sell remaining stake in Bharti Hexacom after tariff hike

After mopping up nearly `4,300 crore from the proceeds of Bharti Hexacom’s public listing in April by selling a 15% stake, state-owned Telecom Consultants of India (TCIL) is now looking at selling the balance 15%, after telecom tariff hikes, officials said.

The market is expecting a 20-25% tariff hike by telecom service providers after the elections, which may result in an increase in the share price of Bharti Hexacom.

Officials said the balance stake sale will be held in tranches. It could be 10% in one go or 5% each in three tranches or something like that. The plan is to rake in the maximum possible gains for the government, they added.