Bharti Airtel Ltd has clarified in reference to news item "Bharti Telemedia under scanner over GST profiteering" appearing on
Bharti Telemedia Limited ('Telemedia'), a subsidiary of Bharti Airtel Ltd has received a notice from Director General, Anti-Profiteering Authority (DGAP) in August, 2018 which was duly responded in multiple stages and the last response was filed in December, 2018 post which Telemedia hasn't heard anything from National Anti-Profiteering Authority ('NAA') or DGAP. Therefore, no further action is pending at Telemedia's end.
Telemedia will fully cooperate in providing any further information that is sought by NAA to conclude this matter satisfactorily and has suo-moto written to both DGAP and NAA in April and May, 2019 in this regard.
Shares of BHARTI AIRTEL LTD. was last trading in BSE at Rs.353.45 as compared to the previous close of Rs. 353.05. The total number of shares traded during the day was 203470 in over 1864 trades.
The stock hit an intraday high of Rs. 355.75 and intraday low of 350.05. The net turnover during the day was Rs. 71805452.