Bharti Airtel Ltd.

Bharti Airtel is currently trading at Rs. 298.00, up by 1.60 points or 0.54% from its previous closing of Rs. 296.40 on the BSE.

The scrip opened at Rs. 300.00 and has touched a high and low of Rs. 301.50 and Rs. 297.20 respectively. So far 99104 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 370.40 on 25-Jan-2013 and a 52 week low of Rs. 238.50 on 30-Aug-2012.

Last one week high and low of the scrip stood at Rs. 298.40 and Rs. 274.50 respectively. The current market cap of the company is Rs. 119222.46 crore.

The promoters holding in the company stood at 68.55% while Institutions and Non-Institutions held 25.83% and 5.62% respectively.

Bharti Airtel is reportedly planning to hive off its data centres into a standalone business. The company is also planning to induct a partner into the freshly carved out unit. The company’s data centres provided captive services to its in-house telecom play but will now focus on getting other businesses on board.

In this regard, the company’s board has approved the process of making data centres, currently a part of its enterprise services, an independent 100% subsidiary. India’s largest telecom company by subscriber base and revenue share will also appoint a new CEO to scale up its data centre operations, currently present in 7-8 cities.

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