Bharti Airtel on Monday announced that
SINGTEL (Singapore Telecom Limited) would invest Rs 2,649 crore in Bharti
Telecom, the promoter company of Airtel, via preferential allotment of shares. With this investment, Singtel's total stake together
with its affiliates, in Bharti Telecom would increase to 48.90%.
Singtel presently holds 47.17% stake
in Bharti Telecom. Bharti Enterprises continues to hold over 50% stakes in
Bharti Telecom.
The move is seen to aid Bharti Airtel
Limited in its combat for market share with Reliance Jio.
Shares of Bharti Aitel Limited was
trading at Rs. 444.15 per share, up Rs. 21.80 or 5.16% on NSE at 12.20 PM, Monday.
Whereas BSE Sensex was at 34,789.95, down 276.80 points or 0.79% and Nifty was
at 10,675.15, down 85.45 points or 0.79%
No comments:
Post a Comment
Note: only a member of this blog may post a comment.