Bharti Airtel Ltd.

Bharti Airtel is currently trading at Rs. 359.00, up by 5.90 points or 1.67% from its previous closing of Rs. 353.10 on the BSE.

The scrip opened at Rs. 355.00 and has touched a high and low of Rs. 363.85 and Rs. 355.00 respectively. So far 124080 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 452.45 on 21-Jul-2015 and a 52 week low of Rs. 282.30 on 29-Jan-2016.

Last one week high and low of the scrip stood at Rs. 365.00 and Rs. 350.35 respectively. The current market cap of the company is Rs. 143506.66 crore.

The promoters holding in the company stood at 66.74% while Institutions and Non-Institutions held 26.75% and 6.46% respectively.

Bharti Airtel is planning to sell more than 5% stake in its tower arm Bharti Infratel through an open market block deal. The company owns a 71.7% stake in Bharti Infratel, and a 5% stake sale in the unit would be worth $566.74 million based on current valuations.  Consequently, the company plans to use the sale proceeds to reduce its debt.

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