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| Edited By: Sumeet Chatterjee |Source: Reuters |Updated: Mar 17, 2018, 04:35 AM IST
An infrastructure fund set up by Australia's Macquarie and State Bank of India will buy a 10% stake in Indian mobile tower operator Tata-Quippo for $310 million, the Economic Times said on Monday.
The transaction will be completed in two months, the newspaper said, citing sources close to the deal.
Officials at Macquarie, State Bank of India and Tata-Quippo could not immediately by reached by Reuters for comment.
The Economic Times said Macquarie was likely to have a representation on the board of Tata-Quippo, a joint venture between India's Tata conglomerate and Quippo Telecom, after the deal.
