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Bharti Airtel rises on the buzz of plan to sell up to 25% stake in satellite TV services arm

08 Mar 2013 Evaluate

Bharti Airtel is currently trading at Rs. 321.50, up by 1.05 points or 0.33% from its previous closing of Rs. 320.45 on the BSE.

The scrip opened at Rs. 323.00 and has touched a high and low of Rs. 325.65 and Rs. 320.50 respectively. So far 61330 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 370.40 on 25-Jan-2013 and a 52 week low of Rs. 238.50 on 30-Aug-2012.

Last one week high and low of the scrip stood at Rs. 327.00 and Rs. 307.55 respectively. The current market cap of the company is Rs. 122546.30 crore.

The promoters holding in the company stood at 68.50% while Institutions and Non-Institutions held 25.46% and 6.04% respectively.

Bharti Airtel is reportedly planning to sell up to 25% stake in its satellite TV services arm. In this regard, the company is in talks with United States-based Liberty Global Inc and a couple of private equity investors for a potential stake sale.

India’s top telecommunications carrier is looking at a valuation of little over $1 billion for the unit that had 7.9 million digital television customers as of December.

Bharti Airtel is a leading integrated telecommunications company with operations in 20 countries across Asia and Africa. The company ranks amongst the top 5 mobile service providers globally in terms of subscribers.

Bharti Airtel Share Price

1846.55 6.20 (0.34%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Bharti Airtel 1846.55
Vodafone Idea 9.62
Indus Towers 412.35
Tata Communications 1521.05
Bharti Hexacom Ltd. 1538.30
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