MTN is reportedly eying $50 billion for offloading its entire stake to Bharti while the latter is considering offering half in cash and rest through stock transfer. Bharti is unlikely to meet MTN’s desired valuation and may submit a lower bid, reports Dow Jones.

While Bharti has approached leading banks and investors like Standard Chartered, Goldman Sachs, its strategic investor Singtel in all probability will help it in arranging most of the finance.

Dow Jones also reports that while Bharti has made an offer of 165 rand ($21.5) a share, four MTN investors want atleast 180 rand.

Bharti is also willing to offer the Chairman’s post to MTN group chairman M C Ramaphosa while Bharti’s Sunil Mittal would be deputy chairman and group CEO.