NEW DELHI--Bharti Airtel Ltd. (532454.BY), India's largest telecommunications company by number of users, said Monday it has completed a 5% stake sale worth about $1.18 billion.
The company allotted about 199.87 million shares to Doha-based Qatar Foundation Endowment.
"The equity shares, having a face value of 5-rupees each, have been issued at a price of 340-rupees each on a preferential basis for a total consideration of 67.96 billion rupees," the New Delhi-based telecom company said in a statement.