Bharti Airtel Ltd acquires ~26.95 million shares of Indus Towers Ltd

The 'Special Committee of Directors of Bharti Airtel Limited for evaluation of stake in Subsidiaries and Joint Ventures' has today i.e. on June 19, 2024, approved the acquisition of upto 27 million equity stake in Indus Towers Limited ('Indus Towers') in accordance with the applicable regulations.

Accordingly, with the aforesaid approval of the Special Committee, the Company has acquired ~26.95 million (i.e. 1%) equity shares of Indus Towers today on-market.

Shares of Bharti Airtel Limited was last trading in BSE at Rs. 1393.15 as compared to the previous close of Rs. 1428.70. The total number of shares traded during the day was 101821 in over 9541 trades.

The stock hit an intraday high of Rs. 1432.90 and intraday low of 1388.05. The net turnover during the day was Rs. 143234876.00.

Source : Equity Bulls

Keywords

BhartiAirtel INE397D01024 TelecomServices JV StakeAcquisition IndusTowers