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Bharti Airtel rises on paying additional Rs 8,004 crore to DoT towards AGR dues

02 Mar 2020 Evaluate

Bharti Airtel is currently trading at Rs. 527.40, up by 3.35 points or 0.64% from its previous closing of Rs. 524.05 on the BSE.

The scrip opened at Rs. 534.15 and has touched a high and low of Rs. 535.90 and Rs. 523.75 respectively. So far 88804 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 568.60 on 18-Feb-2020 and a 52 week low of Rs. 277.79 on 01-Mar-2019.

Last one week high and low of the scrip stood at Rs. 543.90 and Rs. 513.50 respectively. The current market cap of the company is Rs. 288380.76 crore.

The promoters holding in the company stood at 62.70%, while Institutions and Non-Institutions held 30.54% and 6.71% respectively.

Bharti Airtel has paid additional Rs 8,004 crore to the Department of Telecommunications (DoT) towards the adjusted gross revenue (AGR) dues. The company has paid Rs 3,004 crore towards the full and final amounts due over & above the ad-hoc amount of Rs 10,000 crore paid on February 17, 2020 on behalf of the Bharti Group of Companies.

The company has also paid an additional amount of Rs 5,000 crore, as an ad-hoc payment (subject to subsequent refund / adjustment) to cover differences, if any, arising from the reconciliation exercise with the DoT.

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

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