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Bharti Airtel inches up on planning to acquire 20% stake in Bharti Telemedia from Warburg Pincus

18 Feb 2021 Evaluate

Bharti Airtel is currently trading at Rs. 596.30, up by 2.25 points or 0.38% from its previous closing of Rs. 594.05 on the BSE.

The scrip opened at Rs. 596.00 and has touched a high and low of Rs. 598.00 and Rs. 592.00 respectively. So far 52602 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 623.00 on 04-Feb-2021 and a 52 week low of Rs. 381.05 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 603.00 and Rs. 584.70 respectively. The current market cap of the company is Rs. 324087.38 crore.

The promoters holding in the company stood at 56.23%, while Institutions and Non-Institutions held 39.53% and 4.24% respectively.

Bharti Airtel is planning to acquire 20 percent stake in its DTH arm Bharti Telemedia from an affiliate of Warburg Pincus for about Rs 3,126 crore. The Warburg Pincus affiliate, Lion Meadow Investment, had acquired 20 percent equity stake in Bharti Telemedia for Rs 2,310 crore in 2018 after the announcement of deal in December 2017.

The transaction will be discharged primarily via issuance of about 3.64 crore equity shares of Airtel at a price of Rs 600 per share and up to Rs 1,037.8 crore in cash. The proposed transaction is part of Airtel's strategy to align the shareholding of its customer facing products, services and businesses under the same holding group.

A full control and ownership over Bharti Telemedia allows Airtel to offer differentiated and converged solutions to customers so as to promote 'One Home' strategy. Airtel will issue its shares to the Warburg Pincus affiliate at a premium of about 0.5 percent to the floor price determined as per ICDR (Issue of Capital and Disclosure Requirements) regulations. The remaining consideration of Rs 937.8 crore shall be paid in cash on the closing date of the proposed transaction. There may also be minor customary closing adjustments not exceeding Rs 100 crore.

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

Bharti Airtel Share Price

1814.70 -25.95 (-1.41%)
24-Apr-2026 16:59 View Price Chart
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