Bharti Airtel rings loud
By
Research Desk
about 11 years ago
Bharti Airtel continues to remain in the limelight even today. Yesterday, it was on account of its Q4 numbers and today, its due to a tie-up. The stock opened higher at Rs.326.20 and went on to an intra day high at Rs.331 and is currently at Rs.321.
The stock is buzzing after it announced that it will be selling its 5% stake to Doha based Qatar Foundation Endowment for around Rs.6800 crore by issuing 199.87 million shares. As per the agreement, the Foundation will subscribe to the new shares at Rs.340/share.