Bharti Infratel on Tuesday said that Nettle Infrastructure Investment will acquire some stake in the company from Bharti Airtel on or after March 27, 2017. 

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Nettle Infrastructure is a wholly-owned subsidiary  of Airtel.

Bharti Airtel will transfer 40 crore equity shares to Nettle which would total upto 21.63% of its share capital in Infratel.  

On completion of transaction, Bharti Airtel's stake in Infratel will be 50.33 with 930,898,728 crore equity shares. 

Presently, in Infratel - Airtel holds 71.96% stake with 1,330,898,728 equity shares, while Nettle holds 21.63% and remaining 28.04% belongs to public shareholders. 

On March 15, Airtel had said that its board of directors has decided not to monetise  a controlling stake in Infratel for now. The board has decided to undertake a sale/transfer up to 40 crore Infratel equity shares owned by Bharti Airtel to Nettle. 

Shares of Bharti Airtel were trading at Rs 347.50 per piece on BSE, down by 0.56%. 

Bharti Infratel's shares rose 1%, trading at Rs 311.85 per piece.