Published on 11/10/2017 2:15:50 PM | Source: Dion Global Solutions Ltd

Bharti Airtel surges over 4% on talks to sell tower biz

Posted in Stock On The Move | #Bharti Airtel Ltd #Telecom Sector #Stock On The Move


Shares of Bharti Airtel spiked over 4 per cent on the Bombay Stock Exchange after media reports suggested that the KKR-led consortium fund is in talks to buy the tower business of the country’s leading telecom operator. Riding high on media reports, shares of the company gained as much as 4.54 per cent to trade at intra-day high of Rs 401.50 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the company were trading 3.86 per cent higher at Rs 399.45 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 32,050.32, up 125.91 points, or 0.39 per cent, at 12:40 hours.