Bharti Airtel is holding talks with US private equity firm Warburg Pincus to raise up to $ 1.5 billion by selling as much as 15% of Bharti Airtel International, its holding company for African operations, according to a report by The Economic Times. The two companies are discussing a sale of 10-15% stake for $1.25-1.5 billion, said the ET report quoting two people familiar with the deal. Airtel's Africa unit will reportedly be valued at $8-9 billion for the transaction. The deal will be followed by a listing of the company in the overseas market, the report added. “The proposed transaction is a precursor to its planned listing of the African business in the overseas market in which Bharti Airtel aims to raise a similar amount,” said one of the aforementioned persons to ET. It has to be noted that in…
