Bharti group might list Bharti Teletech on the stock market

Indian telecom giant Bharti Group has said that they are considering the possibility of listing their telecom equipment company Bharti Teletech on the stock exchange.

The company however said that they are not going to list any of their other companies involved in retail, agriculture and finance businesses for at least five years.

Bharti group chairman and managing director Sunil Mittal was quoted as saying: "We will not go public for any of the businesses till they mature. The only company, which may be a candidate for an IPO in the near future, is Bharti Teletech."

The company has already announced plans to invest more than USD 22 billion in the next couple of years. They have huge expansion plans for their telecom venture as they face upcoming competition from Vodafone in the Indian market.

Mittal added: "We are virtually a debt-free company and therefore bringing investment is not a problem at all. As far as the public issue is concerned, I feel it’s my job to put risk capital first and once the risk is diminished or in some cases eliminated, we can go to the capital market."