NEW DELHI, June 5 Shareholders of India's Bharti
Airtel Ltd on Wednesday approved a $1.2 billion deal
to sell a 5 percent stake of the company to the Qatar Foundation
Endowment, the company said.
The deal marks Qatar's first major investment in a listed
Indian company. It will also help Bharti Airtel, India's top
telecommunications carrier, pare some its $11.7 billion debt.
The Qatar Foundation Endowment is an investment vehicle of
the Qatar Foundation controlled by Sheikha Mozah, the wife of
the country's ruler.
($1 = 56.4450 Indian rupees)
(Reporting by Devidutta Tripathy; editing by Miral Fahmy)