Bharti Group open to the idea of diluting the promoter’s stake in its flagship BTVL

According to news reports, the Bharti Group is open to the idea of diluting the promoter’s stake in its flagship BTVL, to fund the group’s diversified business ventures, while remaining the single largest shareholder with management control. The group’s telecom arm, Bharti Telecom, has a 46.4 per cent stake in BTVL, with SingTel holding a 28 per cent stake. Bharti Enterprises owns 80 per cent in Bharti Telecom. The company plans to invest up to $1 billion in the Delhi airport modernisation project with its divestment in BTVL.