March 29, 2017

National Stock Exchange of India Limited Exchange Plaza, C-1 Block G

Bandra Kurla Complex, Bandra (E) Mumbai - 400051, India

BSE Limited

Phiroze Jeejeebhoy Towers Dalal Street

Mumbai - 400001, India

Ref: Bharti Airtel Limited (532454 I BHARTIARTL}

Sub: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements } Regulations , 201 5

Dear Sir I Madam,

This is further to our intimation dt. March 15, 2017 & March 28, 2017. We would like to inform you that the Company has today completed an inter-se transfer of 11.32 % stake (209,416,643 equity shares) in Bharti lnfratel Limited (Bharti lnfratel) to Nettle Infrastructure Investments Limited (Nettle), a wholly owned subsidiary of the Company.

Post the said inter-se transfer, Bharti Airtel will hold 50.33% while Nettle will hold 11.32% stake in Bharti lnfratel, the remaining 38.35% (approx.) shall be held by public I other shareholders.

The details as required to be disclosed under aforesaid Regulation 30 are enclosed as 'Annexure A' as per clause 1.4 of Annexure I of SEBI Circular dated September 9, 2015

Kindly take the same on record.

Thanking you, Yours faithfully,

( ,

Rohit Krishan Puri

Deputy Company Secretary

Annexure A

[Details under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with clause 1.4 of Annexure Iof SEBI Circular dated September 9, 2015)

s.

No

Particulars

Details

1.

The amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division of the listed entity during the last financial year

(based on standalone financials)

Bharti lnfratel's contribution during last financial year i.e. 2015-16:

Annual Turnover: Rs. 55,957 Mn. (9%)

Net Worth: Rs. 109,178 Mn. (13%)

2.

Date on which the agreement for sale has been entered into

March 29, 2017

3.

The expected date of completion of sale/disposal

March 29, 2017

4.

Consideration received from such sale/disposal

- Rs. 6,806 Cr.

5.

Brief details of buyers and whether any of the buyers belong to the promoter/ promoter group/group companies. If yes, details thereof

Nettle Infrastructure Investments Limited (Nettle) is a wholly owned subsidiary of Bharti Airtel Limited.

Being a wholly owned subsidiary, Nettle forms part of promoter group.

6.

Whether the transaction would fall within related party transactions? If yes, whether the same is done at "arm's length"

Transaction falls within the purview of Related Party Transactions and the same is done at arm's length

7.

Additionally, in case of a slump sale, indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale

Not Applicable

Bharti Airtel Limited published this content on 29 March 2017 and is solely responsible for the information contained herein.
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Original documenthttp://www.airtel.in/wps/wcm/connect/1ce284bc-0e46-4069-85f0-dfb807297189/Bharti-Airtel-Intimation-wrt-sale-of-stake-to-Nettle.pdf?MOD=AJPERES&CONVERT_TO=url&CACHEID=1ce284bc-0e46-4069-85f0-dfb807297189

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