MoneyWorks4Me

Bharti Airtel’s promoter hikes stake in the company

14 Dec 2011 Evaluate

Bharti Telecom, the majority stakeholder in private telecom operator Bharti Airtel, has hiked the stake in India’s top mobile phone carrier by purchasing 5,90,240 shares of the company for Rs 20.50 crore.

Prior to the share purchase, Bharti Telecom held a 45.60% stake in Bharti Airtel. It now has a 45.62% stake in the telecom service provider. Bharti Telecom held 1,729,264,367 shares, representing a 45.54% stake, in the operator as of the quarter ended September, 2011.

Peers
Company Name CMP
Bharti Airtel 1896.00
Vodafone Idea 12.58
Indus Towers 387.45
Tata Communications 1706.30
Railtel Corp. India 251.75
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