Bharti Airtel is currently trading at Rs. 570.95, up by 3.35 points or 0.59% from its previous closing of Rs. 567.60 on the BSE.
The scrip opened at Rs. 570.05 and has touched a high and low of Rs. 574.45 and Rs. 565.75 respectively. So far 134106 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 611.70 on 20-May-2020 and a 52 week low of Rs. 321.60 on 01-Aug-2019.
Last one week high and low of the scrip stood at Rs. 593.70 and Rs. 549.80 respectively. The current market cap of the company is Rs. 309602.88 crore.
The promoters holding in the company stood at 58.98%, while Institutions and Non-Institutions held 36.12% and 4.91% respectively.
Bharti Airtel’s wholly owned subsidiary — Bharti International (Singapore) has acquired an additional 6.3 percent stake in Bangladesh’s telecom operator Robi Axiata from NTT Docomo for an undisclosed sum. The all cash deal will raise the stake of Bharti International (Singapore) in Robi Axiata to 31.3 percent from 25 percent at present.
The deal has been approved by Bangladesh Telecommunication Regulatory Commission. The sale proceeds will be fully utilised to repay debt at Bharti Telecom and will make the promoter holding firm a ‘debt free company’.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.
