Bharti Airtel is currently trading at Rs. 381.75, up by 20.60 points or 5.70% from its previous closing of Rs. 361.15 on the BSE.
The scrip opened at Rs. 371.80 and has touched a high and low of Rs. 383.95 and Rs. 369.05 respectively. So far 1,13,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 384.90 on 28-Apr-2016 and a 52 week low of Rs. 283.95 on 09-Nov-2016.
Last one week high and low of the scrip stood at Rs. 383.95 and Rs. 359.60 respectively. The current market cap of the company is Rs. 1,52,600.00 crore.
The promoters holding in the company stood at 67.14%, while Institutions and Non-Institutions held 26.39% and 6.44% respectively.
Bharti Airtel has entered into a definitive agreement with Telenor South Asia Investments (Telenor) to acquire Telenor (India) Communications (Telenor India). The acquisition is subject to requisite regulatory approvals. As part of the agreement, Airtel will acquire Telenor India’s running operations in seven circles - Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam.
The proposed acquisition will include transfer of all of Telenor India’s assets and customers, further augmenting Airtel’s overall customer base and network. It will also enable Airtel to further bolster its strong spectrum foot-print in these seven circles, with the addition of 43.4 MHz spectrum in the 1800 MHz band. Telenor India’s operations and services will continue as normal until the completion of the transaction.
Bharti Airtel is a leading global telecommunications company with operations in 17 countries across Asia and Africa.