Bharti Airtel trades higher on partnering with Bajaj Finance
Bharti Airtel is currently trading at Rs. 1642.00, up by 14.60 points or 0.90% from its previous closing of Rs. 1627.40 on the BSE.
The scrip opened at Rs. 1632.45 and has touched a high and low of Rs. 1643.85 and Rs. 1618.85 respectively. So far 75737 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. 1,087.25 on 19-Jan-2024.
Last one week high and low of the scrip stood at Rs. 1643.85 and Rs. 1579.40 respectively. The current market cap of the company is Rs. 999379.88 crore.
The promoters holding in the company stood at 53.11%, while Institutions and Non-Institutions held 43.86% and 3.02% respectively.
Bharti Airtel and Bajaj Finance have entered into a strategic partnership to create one of India’s largest digital platforms for financial services and transform last mile delivery. The one-of-a-kind partnership brings together Airtel’s highly engaged customer base of 370 million, 12 lakh+ strong distribution network, and Bajaj Finance’s diversified suite of 27 product lines, and distribution heft of 5,000+ branches and 70,000 field agents.
Airtel will initially offer Bajaj Finance’s retail financial products on its Airtel Thanks App for seamless and secure customer experience, and later through its nation-wide network of stores. The combined strength of the companies’ digital assets will enable Airtel and Bajaj Finance to significantly deepen penetration of financial products and services.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.
