Adani Data Networks to transfer 400 MHz spectrum to Bharti Airtel

Adani Data Networks Limited (ADNL), a wholly-owned subsidiary of Adani Enterprises Ltd, has signed definitive agreements with Bharti Airtel Ltd and its subsidiary Bharti Hexacom Ltd to transfer the rights to use 400 MHz of spectrum in the 26 GHz band.

The spectrum covers six telecom circles - Gujarat (100 MHz), Mumbai (100 MHz), Andhra Pradesh (50 MHz), Rajasthan (50 MHz), Karnataka (50 MHz) and Tamil Nadu (50 MHz).

The closing of the transaction is subject to customary statutory approvals.

Shares of Adani Enterprises Limited was last trading in BSE at Rs. 2444.75 as compared to the previous close of Rs. 2442.70. The total number of shares traded during the day was 60207 in over 4198 trades.

The stock hit an intraday high of Rs. 2483.65 and intraday low of 2441.05. The net turnover during the day was Rs. 148228217.00.

Source : Equity Bulls

Keywords

AdaniEnterprises INE423A01024 AdaniEnterprises Transfer 400MHzSpectrum BhartiAirtel