India, June 21 -- Bharti Enterprises' space arm, Bharti Space Limited, will invest €31.4 Mn (nearly INR 313 Cr) in French satellite group Eutelsat.

The infusion is part of Eutelsat's larger €1.35 Bn (around INR 11,250 Cr) rights issue, which will also see participation from shipping company CMA CGM and French investment fund Fonds Strategique de Participations (FSP). The deal is expected to be completed by the end of 2025.

"The reserved capital increase would be subscribed by the French State via APE for €526.4 Mn, Bharti Space Limited for €31.4 Mn, CMA CGM for €100.4 Mn, and FSP for €57.8 Mn," said Eutelsat in a press release.

The funds will be utilised by Eutelsat to repay debt and invest in satell...