Bharti Airtel inches up on securing CCI`s nod to raise stake in Indus Towers
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Bharti Airtel is currently trading at Rs. 1692.80, up by 1.05 points or 0.06% from its previous closing of Rs. 1691.75 on the BSE.
The scrip opened at Rs. 1688.05 and has touched a high and low of Rs. 1701.25 and Rs. 1682.00 respectively. So far 44589 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1778.95 on 26-Sep-2024 and a 52 week low of Rs. 896.00 on 01-Nov-2023.
Last one week high and low of the scrip stood at Rs. 1737.95 and Rs. 1661.55 respectively. The current market cap of the company is Rs. 1032365.25 crore.
The promoters holding in the company stood at 53.14%, while Institutions and Non-Institutions held 43.86% and 3.00% respectively.
The Competition Commission of India (CCI) has approved an increase in the percentage shareholding of Bharti Airtel in Indus Towers to 50.005% pursuant to buy back of shares by Indus Towers. Indus Towers is a passive telecom infrastructure provider. It deploys, owns, and manages passive telecom infrastructure for various mobile operators.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.
