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Bharti Airtel surges on plan to sell DCMS business to Nxtra Data for Rs 177 crore

Bharti Airtel Ltd. | Telecommunication - Service Provider | Telecom | BSE: 532454 | NSE: BHARTIARTL

29 Aug 2013 Evaluate

Bharti Airtel is currently trading at Rs 291.00, up by 3.25 points or 1.13% from its previous closing of Rs 287.75 on the BSE.

The scrip opened at Rs 293.25 and has touched a high and low of Rs 295.90 and Rs 290.00 respectively. So far 35225 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 316.75 and Rs 279.25 respectively. The current market cap of the company is Rs 115025.19 crore.

The promoters holding in the company stood at 65.23% while Institutions and Non-Institutions held 24.40% and 10.37% respectively.

Bharti Airtel will seek shareholders approval for sale of its Data Center and Managed Services (DCMS) business to Nxtra Data, its wholly-owned subsidiary for about Rs 177 crore. The company has taken this step in order to undertake the Data Center business through a separate entity and to enhance focus and develop capacity and capability across geographies.

The company’s board of directors approved the transaction during their meeting held on July 30. In this regard, Bharti Airtel has also entered into a Memorandum of Understanding with Nxtra Data.

The company owns seven operational data centres across the country. Out of them, two are in Noida, one each in Chennai, Bangalore, Pune, Bhubaneswar and Mumbai. DCMS division offers a gamut of services, including co-location, managed services and managed back-up & storage.

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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Bharti Airtel surges on plan to sell DCMS business to Nxtra Data for Rs 177 crore

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