India, July 11 -- Bharti Enterprises' space arm, Bharti Space Limited, will reportedly invest an additional €120 Mn (nearly INR 1,204 Cr) in French satellite group Eutelsat.

According to Livemint, the latest investment will be in addition to the €30 Mn (INR 313 Cr) that Bharti Space committed to Eutelsat last month through a reserve capital increase. The infusion will reportedly be part of Eutelsat's broader €1.5 Bn (over INR 15,000 Cr) rights issue.

The deal is likely to be completed by the end of this year. Following this, Bharti Space's shareholding in the French satcom operator will decline to 17.88% from 24.09% currently. Post this, the French government will become the largest shareholder in the satcom company, d...