Bharti Airtel Ltd.

Bharti Airtel is currently trading at Rs. 406.05, up by 14.15 points or 3.61% from its previous closing of Rs. 391.90 on the BSE.

The scrip opened at Rs. 392.00 and has touched a high and low of Rs. 408.25 and Rs. 391.50 respectively. So far 216823 shares were traded on the counter.

The BSE group 'A ' stock of face value Rs. 5 has touched a 52 week high of Rs. 408.25 on 03-Sep-2014 and a 52 week low of Rs. 281.00 on 04-Sep-2013.

Last one week high and low of the scrip stood at Rs. 408.25 and Rs. 367.00 respectively. The current market cap of the company is Rs. 161994.64 crore.

The promoters holding in the company stood at 65.37% while Institutions and Non-Institutions held 24.90% and 9.72% respectively.

Bharti Airtel and Loop’s Rs 700-crore deal has received Law Ministry’s approval. The deal had not been approved after differences cropped up between the Department of Telecom and regulator TRAI on whether an operator’s subscribers could be transferred to another operator without their consent.

In February, Airtel had announced that it would acquire Loop Mobile’s three million subscribers in Mumbai along with its infrastructure, 400 towers.

Loop Mobile’s 20-year licence expires in November and the company was unable to win back spectrum to continue services. On the other hand, Airtel won spectrum in Mumbai in the last auction round. The slump-sale deal with Airtel, therefore, came as a relief for Loop subscribers, who were assured of service continuity.