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Bharti Airtel gains on completing merger of Airtel Bangladesh with Robi Axiata

18 Nov 2016 Evaluate

Bharti Airtel is currently trading at Rs 297.80, up by 1.45 points or 0.49% from its previous closing of Rs. 296.35 on the BSE.

The scrip opened at Rs. 301.70 and has touched a high and low of Rs. 301.70 and Rs. 295.60 respectively. So far 33555 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 384.90 on 28-Apr-2016 and a 52 week low of Rs. 282.30 on 29-Jan-2016.

Last one week high and low of the scrip stood at Rs. 315.30 and Rs. 294.35 respectively. The current market cap of the company is Rs. 118942.64 crore.

The promoters holding in the company stood at 67.14%, while Institutions and Non-Institutions held 31.47% and 1.36% respectively.

Bharti Airtel has completed the merger of its subsidiary Airtel Bangladesh (Airtel) with Robi Axiata, a unit of Axiata Group Berhad (Axiata). The merger was completed following the fulfillment of the condition precedents to the agreement and filing of the merger order with the Registrar of Joint Stock Companies and firms of Bangladesh Court.

Post the merger, Axiata will hold 68.7% stake in the combined entity, while Airtel will hold 25%. The remaining 6.3% stake will be held by NTT DoCoMo. The combined entity will be the second largest mobile operator in Bangladesh with approximately 32.2 million customers and will operate under the Robi Axiata brand.

Bharti Airtel is a leading integrated telecommunications company with operations in 20 countries across Asia and Africa. The company ranks amongst the top 5 mobile service providers globally in terms of subscribers.

Bharti Airtel Share Price

1859.80 14.75 (0.80%)
21-Apr-2026 10:01 View Price Chart
Peers
Company Name CMP
Bharti Airtel 1859.80
Vodafone Idea 9.63
Indus Towers 414.65
Tata Communications 1522.00
Bharti Hexacom Ltd. 1570.60
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