Bharti Airtel Ltd.

Bharti Airtel is currently trading at Rs. 301.10, down by 2.40 points or 0.79% from its previous closing of Rs. 303.50 on the BSE.

The scrip opened at Rs. 298.10 and has touched a high and low of Rs. 304.60 and Rs. 298.10 respectively. So far 100008 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 444.70 on 01-Aug-2011 and a 52 week low of Rs. 289.05 on 24-Apr-2012.

Last one week high and low of the scrip stood at Rs. 314.60 and Rs. 291.90 respectively. The current market cap of the company is Rs. 114381.61 crore.

The promoters holding in the company stood at 68.50% while Institutions and Non-Institutions held 25.08% and 6.42% respectively.  

Global telecommunications company, Bharti Airtel has come under scanner of Indian regulatory authorities for Prevention of Money Laundering Act (PMLA) and is being probed on the allotment of additional airwaves beyond 6.2 MHz in violation of the subscriber-linked criteria, during the tenure of former communications minister, the late Pramod Mahajan. Minister of State for Finance SS Palanimanickam informed the Rajya Sabha on Tuesday that the Enforcement Directorate (ED) was investigating cases against Bharti Airtel under the PMLA and Foreign Exchange Management Act, 1999 (FEMA).

Bharti Airtel, however, has stated that the company has complied with all regulatory norms and that it is open to cooperate with investigators. Bharti the fifth largest mobile phone carrier by subscribers  in the world operates in 20 countries across Asia and Africa.

Last November, police conducted searches at offices of Bharti and Vodafone India seeking details of airwaves allocated to them in 2001 and 2002 by a government then led by the Bharatiya Janata Party (BJP), now in opposition.