Global private equity firm Warburg Pincus has picked up a 20 percent stake in Bharti Telemedia Ltd, the DTH arm of Airtel, for about Rs 2,275 crore (USD 350 million). Bharti Airtel will sell 15 percent and another Bharti entity that holds 5 percent will sell the balance. Airtel’s DTH service has about 14 million subscribers and about Rs 3,575 crore (USD 550 million) in revenues for the 12 months ended September 2017. Once the deal is completed, Airtel will hold 80 percent stake in Bharti Telemedia. – The Hindu Business Line