BSE See NSE See 59,015.89
-125.27 (-0.21%)

Bharti Infratel gets SEBI approval for merger with Indus towers

Tanay Loya
/ Categories: Trending, Markets
Rate this article:

Bharti Infratel, the mobile tower arm of telecom bellwether Bharti Airtel,  on Wednesday said that it has received clearance from the stock exchanges for its merger with Indus Towers.  

The company will now be approaching National Company Law Tribunal for an approval. 

Earlier this year in April, Bharti Airtel, Vodafone and Idea Cellular had announced an agreement for the merger of Indus Towers and Bharti Infratel to create the world's largest mobile tower operator outside of China.  It will have over 1,63,000 towers at 22 telecom service areas across the country. 

On Wednesday, Bharti Infratel Ltd. closed at Rs. 286.90, up Rs. 1.05 or 0.37 per cent on NSE. The stock opened at Rs. 286 and touched an intraday high of Rs. 291.90 per share on NSE. The stock has a 52-week high of Rs. 482.80 and a 52-week low of Rs. 274.55 per share on NSE. The stock attracted a traded volume of 64,54,497 shares on NSE. 

Previous Article LT Q1FY19 profit jumps 43 per cent
Next Article PVR opens its first multiplex in Mysuru
Please login or register to post comments.

Get A Call From Industry Experts

Send Otp

   I authorize DSIJ Pvt Ltd to contact me. This will override registry on the NDNC.


Do you know these auto and auto ancillaries stocks more than doubled in 2021 alone?

After having traded negative in a three month period the BSE Auto index is up by over 3 per cent in one month and about 2.6 per cent in past one week alone.

Yogesh Supekar / Article rating: 4.0
In 2021 we find that several stocks from the auto and especially auto ancillary sector have more than doubled with the top gainer jumping higher...

Multibagger Alert: These Finance Sector Stocks have gained up to a whopping 3330.77 per cent in 2021 alone!

Some of the financials that outperformed the markets have turned out to be multibaggers with the top gainer Flomic Global Logistics jumping higher by a whopping 3330.77 per cent in 2021 alone.

Yogesh Supekar / Article rating: 3.4
The leveraged businesses considered most risky, however are seen making a strong comeback with Nifty Bank trading at all time highs. It is in fact...