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Bharti Airtel surges on concluding spectrum trading agreement with Jio

13 Aug 2021 Evaluate

Bharti Airtel is currently trading at Rs. 636.00, up by 12.75 points or 2.05% from its previous closing of Rs. 623.25 on the BSE.

The scrip opened at Rs. 623.25 and has touched a high and low of Rs. 638.60 and Rs. 618.15 respectively. So far 946834 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52-week high of Rs. 638.60 on 13-Aug-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. 638.60 and Rs. 597.35 respectively. The current market cap of the company is Rs. 348469.13 crore.

The promoters holding in the company stood at 55.86 % while Institutions and Non-Institutions held 38.76 % and 5.38 % respectively.

Bharti Airtel (Airtel) has declared the closure of its agreement with Reliance Jio Infocomm (Jio) to transfer the ‘Right to Use’ of Airtel’s 800 MHz spectrum in three circles to Jio.
Airtel has received Rs. 1004.8 crore (net of tax) from Jio for the proposed transfer. In addition, Jio will assume future liabilities of Rs. 469.3 crore relating to the spectrum.

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



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