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Bharti Airtel rings loud on planning to invest additional $500 million into OneWeb

30 Jun 2021 Evaluate

Bharti Airtel is currently trading at Rs. 530.10, up by 5.25 points or 1.00% from its previous closing of Rs. 524.85 on the BSE.

The scrip opened at Rs. 528.00 and has touched a high and low of Rs. 530.35 and Rs. 526.05 respectively. So far 85789 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. 394.05 on 19-Oct-2020.

Last one week high and low of the scrip stood at Rs. 537.35 and Rs. 524.00 respectively. The current market cap of the company is Rs. 290830.30 crore.

The promoters holding in the company stood at 55.86%, while Institutions and Non-Institutions held 38.92% and 5.16% respectively.

Bharti Airtel is planning to invest an additional $500 million (over Rs 3,700 crore) into OneWeb, to become the largest shareholder in the satellite communications company. The investment is a result of exercise of a 'call option' by Bharti. On completion of the transaction and with Eutelsat's $550 million investment, Bharti will hold 38.6 per cent. The UK government, Eutelsat and SoftBank will each own 19.3 per cent, OneWeb. The transaction is expected to be completed in the second half of 2021.

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

Bharti Airtel Share Price

1758.15 -76.75 (-4.18%)
11-May-2026 16:59 View Price Chart
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Bharti Airtel 1758.15
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