Mittal to hand over reins of Airtel in next decade, desires Bharti Telecom regains 51% stake in co
New Delhi: Telecom czar Sunil Bharti Mittal plans to hand over the reins of Bharti Airtel in the next decade and desires that promoter firm Bharti Telecom regains over 50% stake in the company.
Owned by the Mittal family and Singtel Group, Bharti Telecom at present holds 40.47% stake in Airtel.
The promoter firms, including Bharti Telecom, the Mittal family holding firm Indian Continent Investment, the Singtel Group firm Pastel, and others jointly hold a 48.87% stake in Airtel.
