Bharti Airtel Ltd increases stake in Bharti Infratel Ltd to 41.66%

Bharti Airtel Limited ('the Company') and Nettle Infrastructure Investments Limited ('Nettle'), a wholly owned subsidiary of the Company hold equity stake of 23.04% and 13.69% respectively in Bharti lnfratel Limited ('Infratel'). The aggregate holding of the Company and Nettle is 36.73% in Infratel.

Nettle Infrastructure Investments Limited, a wholly owned subsidiary of Bharti Airtel Ltd, has acquired an additional equity stake of~ 4.94% in Bharti Infratel Limited today i.e. on December 02, 2020.

With this acquisition by Nettle, the aggregate shareholding of the Company and Nettle stands increased to 41.66% in Infratel.

The acquisition of the equity shares of Bharti Infratel Limited has been done at an aggregate consideration of ~ Rs. 2,882.32 crores.

Shares of BHARTI AIRTEL LTD. was last trading in BSE at Rs.484.9 as compared to the previous close of Rs. 479.35. The total number of shares traded during the day was 1142434 in over 7738 trades.

The stock hit an intraday high of Rs. 487.85 and intraday low of 474. The net turnover during the day was Rs. 547943007.

Shares of BHARTI INFRATEL LTD. was last trading in BSE at Rs.224.8 as compared to the previous close of Rs. 215.95. The total number of shares traded during the day was 81220900 in over 32490 trades.

The stock hit an intraday high of Rs. 229.05 and intraday low of 209.85. The net turnover during the day was Rs. 17506422051.

Source : Equity Bulls

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