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Bharti Telecom acquires additional 4.62% stake in Bharti Airtel

03 Nov 2017 Evaluate

Bharti Telecom, promoter firm of Bharti Airtel, has acquired additional 184,710,183 equity shares (representing 4.62% of paid-up share capital) of Bharti Airtel from another promoter firm of the telecom major, Indian Continent Investment (ICIL) on November 3, 2017.

Consequent to the aforesaid acquisition, the shareholding of Bharti Telecom in the company has increased from 45.48% to 50.10%.

Bharti Airtel is a leading integrated telecommunications company with operations in 18 countries across Asia and Africa.

Peers
Company Name CMP
Bharti Airtel 1817.00
Vodafone Idea 14.26
Indus Towers 381.50
Tata Communications 1693.20
Railtel Corp. India 263.70
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