"warburg-pincus"

This is among the largest investments in the Indian consumer internet space by these funds, Ola said in a statement

Airtel had earlier stated that Bharti Telemedia transaction will be discharged primarily via issuance of about 3.64 crore equity shares of Airtel at a price of Rs 600 per share and up to Rs 1,037.8 crore in cash.

The initial public offer (IPO) comprises issuance of fresh equity aggregating up to Rs 800 crore and an offer for sale (OFS) worth Rs 375 crore.

The Warburg Pincus arm would pick up 0.49 per cent stake in the Adani Group entity with the investment.

The proposed transaction is part of Airtel’s strategy to align the shareholding of its customer facing products, services and businesses under the same holding group.

The significant investment will enable boAt, that emerged as the leading brand in India's true wireless stereo (TWS) market with 18 per cent market share in Q3 2020, to further fortify its leading market position while widening its R&D

The investment is a combination of primary fund raise and secondary sales by existing shareholders, it said