MoneyWorks4Me

Bharti Airtel’s promoter picks 878,514 shares for Rs 26.75 crore

21 Mar 2013 Evaluate

Bharti Airtel’s one of promoter - Bharti Telecom has purchased over eight lakh shares of the telecom company through open market transactions. Bharti Telecom has picked 878,514 shares in Bharti Airtel worth around Rs 26.75 crore. These shares were bought through three different market transactions on March 18-19, 2013.

Pursuant to this transaction, the shareholding of Bharti Telecom in the company has increased to 45.72% from 45.70%.

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.

Peers
Company Name CMP
Bharti Airtel 1872.75
Vodafone Idea 12.34
Indus Towers 380.40
Tata Communications 1718.55
Railtel Corp. India 250.05
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