Bharti Airtel Ltd.

BSE: 532454 | NSE: BHARTIARTL
Large Cap | Telecommunication - Service Provider
1965.60
19.35 (0.99%)
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Bharti Airtel rings loud on transferring 11.32% stake in Bharti Infratel to Nettle Infrastructure

Date: 29-03-2017

Bharti Airtel is currently trading at Rs. 343.30, up by 2.65 points or 0.78% from its previous closing of Rs. 340.65 on the BSE.

The scrip opened at Rs. 342.90 and has touched a high and low of Rs. 345.00 and Rs. 342.10 respectively. So far 46619 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 400.65 on 23-Feb-2017 and a 52 week low of Rs. 283.95 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 349.50 and Rs. 325.50 respectively. The current market cap of the company is Rs. 137870.33 crore.

The promoters holding in the company stood at 67.14%, while institutions and non-institutions held 26.39% and 6.47% respectively.

Bharti Airtel, India's largest telecommunications services provider, has completed an inter-se transfer of 11.32% stake (209,416,643 equity shares) in Bharti Infratel to Nettle Infrastructure Investments (Nettle), a wholly owned subsidiary of Bharti Airtel. Post the said inter-se transfer, Bharti Airtel will hold 50.33%, while Nettle will hold 11.32% stake in Bharti Infratel, the remaining 38.35% (approx.) shall be held by public / other shareholders.

Bharti Airtel is a leading integrated telecommunications company with operations in 17 countries across Asia and Africa. The company ranks amongst the top 3 mobile service providers globally in terms of subscribers.